Tracking your working capital helps you understand when you might be at risk of not being able to cover your payments. All of the information you need to calculate your working capital is found on your balance sheet. It may be due to more efficient processes, or it may be due to more demand for …
Working Capital Ratio Meaning, Formula, Components, Examples Read More »
As a best practice, some organizations will complete all in-progress work prior to the end of a reporting period, so that they do not have to account for it as part of their month-end closing activities. In supply-chain management, work-in-progress (WIP) refers to goods that are partially completed. This covers everything from the overhead costs …
When you add these parts together, you get an adverb that means occurring every two weeks or every other week. The word weekly is an adverb and adjective that means occurring once in a week. A bicycle, for instance, has two wheels, and a bicameral legislature (like the one in place in the United States …
The Pros and Cons: Biweekly vs Semimonthly Payroll Read More »
If you’re a bit uncertain about the accounting equation and how owners equity works, return to our earlier lesson called What is Owners Equity? An expense could be defined as an event that results in money (or other assets) flowing out of the business. Take control of your business expenses the easy way – all in …
With work appearing in publications such as “The Washington Square News,” as well as several websites, she has covered topics ranging from New York theater to planning a civil ceremony wedding. In English from Columbia University and an M.B.A. from the University of Michigan. The Reconciliation Control Tower further complements this by providing a centralized …
Jotform’s intuitive interface simplifies the planning process, making it accessible to organizations with limited technical expertise. This ease of use empowers businesses to take control of their continuity planning without extensive training or specialized knowledge. This includes steps for activating the plan, restoring critical systems, communicating with stakeholders, and resuming normal operations. Step 1 – …
Business Continuity Strategy Template: Free Download Read More »
This may involve developing backup systems and processes, identifying alternative suppliers, and establishing procedures for communication and decision-making during a crisis. Maintain focus on running your organization while the Smartsheet Professional Services team partners with you to design processes with long-term stability in mind. Thus ensuring that your solutions are constructed on a stable foundation …
A higher net book value may enhance the asset base, which can be favorable when seeking financing. However, salvage value must remain realistic and compliant with accounting standards to avoid overstating asset values. Depreciation, on the other hand, is the systematic allocation of the cost of an asset over its useful life. It is a …
Understanding After-Tax Salvage Value Calculation: A Deep Dive Read More »
Salvage value and depreciation are both accounting concepts that are related to the value of an asset over its useful life. Business equipment classified under Section 1231 may have different tax treatments, blending capital and ordinary income rules. Then there’s scrap value, which is like salvage value but more specific. Scrap value might be when …
What is Salvage Value, and How to Calculate After-Tax Salvage Value? Read More »
Whether you’re new to factoring or looking to refine your accounting practices, this post will equip you with the knowledge to manage factoring transactions seamlessly. Conversely, the risks for business are the higher in recourse factoring due to the responsibility for bad debts of receivables falling on the business. In non-recourse factoring, the risks, although …
How to Account for Factoring of Accounts Receivable? Read More »
