Category: Bookkeeping

At this stage, knowing about Section 179 may prove beneficial as it empowers businesses to minus the full cost of the asset up to a million dollars in the year it was purchased. Without doing so could lead to a...

The amount is reported on the balance sheet in the asset section immediately below accounts receivable. Nor would it count as a liability as it does not reflect a future obligation. The purpose of a business offering sales discounts is...

And it can be overwhelming to find the time to review all of these important financial documents and successfully run the other aspects of your business at the same time. At OnePoint, our clients rely on us as their trusted accounting...

Our PRO users get lifetime access to our accounting equation visual tutorial, cheat sheet, flashcards, quick test, and more. This number is the sum of total earnings that were not paid to shareholders as dividends. It can be defined as the total number...