As a result, financial statement users are more informed when making decisions. The SEC not only enforces the accounting rules but also delegates the process of setting standards for US GAAP to the FASB. As you may also recall, GAAP…
Outsourcing bookkeeping and accounting for your business can save you a lot of time so that you can focus on the core business functions. It also saves you the cost of hiring an in-house accountant.When you outsource bookkeeping and accounting,…
But if you have the time to dedicate to updating your books regularly, doing your own bookkeeping may be feasible. You may be hoping for the best and have a few college courses in your back pocket. Even with…
Shareholders who make loans to their S corporations can take a tax deduction in the current year for losses in excess of their stock basis, but only to the extent that they have loan basis. S corporation accounting is generally…
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. These two terms are used to report different accumulations of numbers. For example, your personal household expense of…
TenKey Management & Bookkeeping Services can provide the accounting support your business needs. From Bookkeeping to Controller and Management Services, TenKey has you covered. Worked in various aspects of accounting and finance for the last 20 years. For the past…
TenKey Management & Bookkeeping Services can provide the accounting support your business needs. From Bookkeeping to Controller and Management Services, TenKey has you covered. Worked in various aspects of accounting and finance for the last 20 years. For the past…
Debt capital expense efficiency on the income statement is often analyzed by comparing gross profit margin, operating profit margin, and net profit margin. Credit lines, bank loans, and bonds with obligations and maturities greater than one year are some of…
A ratio of less than 1.0 indicates that the business is healthy, is not having financial difficulties, and that its debt burden is within manageable levels. Total capitalization is the sum of long-term debt and all other types of equity,…
The U.S. Treasury is one of the many governments that issue both short- and long-term debt securities. Treasury and have maturities of two, three, five, seven, ten, twenty, and thirty years. These are loans that lack a specified asset as…