Category: Bookkeeping

However, if the preferred issue is called by the issuer, the investor will most likely be faced with the prospect of reinvesting the proceeds at a lower dividend or interest rate. These preferred shares are redeemed at the discretion of the issuing company, giving it the option to buy back the stock at any time… Continue reading Callable or Redeemable Bond Types, Example, Pros & Cons

Content The Advantages of Private Limited Company Complicated to Form Advantages Vs. Disadvantages of Forms of Private Business Ownership More questions about LLCs? Advantages & Disadvantages of Each of the Three Key Methods of Forming a Business Also, for businesses that eventually seek to issue stock, a C corporation can easily issue shares to raise… Continue reading What Are The Top 7 Disadvantages of Incorporating?

However, if you bought the CDO at a premium or acquisition premium, see Refiguring OID shown on Form 1099-OID, earlier. You must include interest income from your CDO in your gross income under your regular method of accounting. Also, include any OID accrued on your CDO during the tax year. Unum (UNM) Up 0.2% Since… Continue reading Amortizing the Bonds Discount or Premium

Content Savings Accounts & CDs Accrued interest vs. compound interest Laurel Road High Yield Savings® Way2Save® Savings Why is calculating savings interest so significant? Standard Fixed Rate Where interest meets account fees and features At the end of the first quarter, the company would have earned $250 in interest on the bond investment (i.e., $10,000… Continue reading What Is Accrued Interest?

Content company’s books done right? Construction Bookkeeper How to Keep Track of a Jobs Ledger Tip 8: Hire an accountant Full Job Description Constantly stay on top of overhead expenses Accounting Methods for Home Builders on QuickBooks Alternatively, you can take advantage of a dedicated bookkeeping software solution to manage your bookkeeping more easily. Construction… Continue reading Construction Bookkeeping by a Dedicated Bookkeeper

Content Taxes Budgeting and Future Cash Flow Planning Income statement or Profit & Loss (P&L) Statement Automated Accounting For Startups: Is It An Option? What Is a Profit and Loss Statement? What Is Accounting for Startups? The 5 Basic Accounting Principles Impress investors The cash method of accounting is simpler and more often used by… Continue reading The Ultimate Guide to Startup Accounting

An Italian mathematician and friend of Leonardo da Vinci, Pacioli published a book on the double-entry system of bookkeeping in 1494. Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. Popular Direct’s High-Rise Savings Account… Continue reading Accounting Explained With Brief History and Modern Job Requirements

An Italian mathematician and friend of Leonardo da Vinci, Pacioli published a book on the double-entry system of bookkeeping in 1494. Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of experience researching personal finance topics. Specialties include general financial planning, career development, lending, retirement, tax preparation, and credit. Popular Direct’s High-Rise Savings Account… Continue reading Accounting Explained With Brief History and Modern Job Requirements