ADP RUN articles

If you have overdraft protection, you’ll be charged a fee and interest. A bank statement is a document that shows you a summary of the money that went in and out of your account during a set period of time. Another reason to void a cheque is when you’ve entered the wrong information on it — such as an incorrect date or dollar amount — while trying to make a payment.

Grab a check out of your checkbook, and write “void” across the front. Write with well-spaced letters th […]

For example, Amy is quite concerned about her bakery as the revenue generated from sales are below the total costs of running the bakery. Amy asks for your opinion on whether she should close down the business or not. Additionally, she’s already committed to paying for one year of rent, electricity, and employee salaries.
You’ll learn the difference between the two and get to grips with their formulas and graphs. We’ll also explore the advantages and disadvantages of a fixed and va […]

Turnover in business can refer to a variety of different measurements. In its broadest sense, a company’s annual turnover equates to its total sales figure. Common forms of turnover include accounts receivable turnover, inventory turnover, portfolio turnover, and working capital turnover. Companies can better assess the efficiency of their operations through looking at a range of these ratios, often with the goal of maximizing turnover.

Turnover ratios calculate how quickly a business c […]

In Texas, like in much of the country, the power company requires an electricity deposit before you get electric service if you’re a new customer. This requisite protects the energy provider and other consumers from those who use electricity and then leave without paying. The utility company will pull your credit history, including your record of paying for utilities at any previous residences or your overall payment history. Assume that a new business is required to pay $500 as a securi […]

A trial balance lists the ending balance in each general ledger account. The total dollar amount of the debits and credits in each accounting entry are supposed to match. Therefore, if the debit total and credit total on a trial balance do not match, this indicates that one or more transactions were recorded in the general ledger that were unbalanced. A trial balance often gets confused with a balance sheet or an income statement.
Companies can use a trial balance to keep track of their financ […]

The only scenario where time would not be considered an interval variable is if we’re talking about a duration of time. The balances of the amount of debt borrowed from financial lenders or created through bond issuance, less repaid amounts, are included in separate line items in the liabilities section of the balance sheet. Assume, for example, that XYZ Company has $10 million in 4% debt outstanding and $10 million in common stock. The cost of capital for issuing more debt is an annual […]