In addition, Certified Public Accountants (CPAs) must complete 150 postsecondary credits to qualify for a CPA credential — the equivalent of earning a bachelor’s degree and a master’s degree in accounting. A master’s also helps accountants...
While not as prominent as balance sheet items, they are nonetheless important in understanding a company’s financial position. OBS accounts can have a significant impact on a company’s financial statements. For example, if a company has a large amount of...
But this is supposed to help the key holders keep track of what is spent where, as well as how much petty cash is available. There’s a reason why petty cash has lasted as some other business expense concepts have adapted to the digital age. Depending on where your...
Other payroll taxes, like unemployment taxes and workers‘ compensation taxes, increase the amount of tax you must pay as an employer. Look for tax prep software that offers a small business version with Schedule C included. The software will also likely have...
Add up all of the item totals to get the subtotal for the order. Write that figure on the designated line at the bottom of the receipt. Write the extended price (the price being charged to the customer, whether retail or wholesale) at the end of each row. Include the...
AT&T clearly defines its bank debt that is maturing in less than one year under current liabilities. For a company this size, this is often used as operating capital for day-to-day operations rather than funding larger items, which would be better suited...
