MACRS Depreciation Calculator
It means that the asset will be depreciated faster than with the straight line method. The double-declining balance method results in higher depreciation expenses in the beginning of an asset’s life and lower depreciation expenses later. This method is used with assets that quickly lose value early in their useful life. A company may also […]
Can and how do I add my personal account to QB and separate it from my business QB account?
Once the feeds are pulled, you can categorize your transactions using the categories you set up in your chart of accounts. If you have a business, QuickBooks can be vital in streamlining and simplifying your finances. Its user-friendly interface and robust features make it an ideal choice for entrepreneurs and small business owners. By centralizing […]
Stock Dividends and Splits Financial Accounting
Paid-in capital (or contributed capital) is that section of stockholders’ equity that reports the amount a corporation received when it issued its shares of stock. Usually financial statements refer to the balance sheet, income statement, statement of comprehensive income, statement of cash flows, and statement of stockholders’ equity. (Some corporations have preferred stock in addition […]
Gross Monthly Income: What to Know
The credit card offers that appear on this site are from companies from which FinanceBuzz receives compensation such as banks or CardRatings.com. It may also have retirement savings and healthcare costs taken out. When everything is itemized out of your gross pay, you are left with your net monthly income. Reporting Wages to Social Security […]