Accounting

If you used the money to pay wages or rent or the electric bill, the $5,000 will likely go on the income statement as an expense. But if you used the money to pay for an asset that will remain with the company, the $5,000 will likely go on the balance sheet as a “capitalized cost.” For tax purposes, capex is a cost that cannot be deducted in the year in which it is paid or incurred and must be capitalized. The general rule is that if the acquired property’s useful life is long […]

Think about who you want looking at your profile and appeal directly to them in your headline. Type in exactly what they need to know before anything else. One of our customer success representatives will be in touch with you shortly. The good thing about a LinkedIn headline is that it is a flexible text field, and there is no one-size-fits-all format.

The following example shows the effect of using headline earnings compared to net earnings on the P/E ratio. The headline earnings for ABC woul […]

There are other methods that successful app developers use to improve ARPPU as well. Celebrating your biggest paying users is a great way to get them to keep spending–if they’re regularly rewarded, they’ll feel appreciated and stay engaged. Be sure to note the period of time you’re analyzing, as ARPPU can vary wildly in daily and monthly calculations. That’s not necessarily cause for alarm — even your biggest whales probably won’t make purchases every single day.
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A commitment by an entity must be fulfilled, regardless of external events, while contingencies may or may not result in liability for the respective entity. Many factors influence the cash flow including project duration, contractual retention clauses, payment schedules, contract types (milestone, progress etc.), credit arrangements and equipment rentals.

San Antonio would need to say goodbye to its 2018 free agents and cut additional salary, reversing course somewhat after its recent commitm […]

This method differs from the cash basis method which records revenues and expenses only when monies are exchanged. Businesses show their choice of accounting method in their financial statements. These statements are summary-level reports that generally include a balance sheet, an income statement and any supplementary notes. Auditors can only certify these statements if a company uses the accrual basis of accounting, although they can compile both types. However, one of the drawbacks of the ac […]

Specific restricted or committed revenues initially received in another fund and subsequently distributed to a special revenue fund must be reported as revenue in the special revenue fund to qualify for “substantial portion” assessment. For example, a dedicated property tax whose use is restricted for a purpose reported in a special revenue fund when the taxes are collected by the general fund. All general revenue fund activity, except unappropriated receipts, is reported in the gen […]