You can find additional templates in our collection of free expense report templates. Unlike the balance sheet, the income statement covers a range of time, which is a year for annual financial statements and a quarter for quarterly financial statements.…

If an investor waited five years for $1,000, there would be an opportunity cost or the investor would lose out on the rate of return for the five years. The Net present value method not only states if a project…

Analysts and investors use these to identify companies with strong liquidity. Financial liquidity also plays a vital part in the short-term financial health of a company or individual. Each have bills to pay on a reoccurring basis; without sufficient cash…

You will only file a tax return to the address above once, when you file Form W-7 to get an ITIN. In subsequent years, when you have an ITIN, you will file your tax return as directed in the form…

Students learn to apply administrative principles to public organizations. This course also explores the specific legal systems, responsibilities and professional development principles that apply to government and nonprofit systems. CEOs develop strategies and policies to ensure the company meets its…

Clearing your browser history won’t remove your cache history and vice versa. Start by eliminating all Google apps and services from your daily web use. And usesearch engines that don’t track your search activity, such as DuckDuckGo, Ixquick, and Startpage.…

It stores all of the closing information for revenues and expenses, resulting in a “summary” of income or loss for the period. The balance in the Income Summary account equals the net income or loss for the period. This balance…

These reports are invaluable for assessing the health of your eCommerce venture and making data-driven decisions. Shopify bookkeeping ensures your business meets tax and legal requirements by accurately tracking transactions and taxes. Efficient expense tracking is essential to monitor and…

For small business owners, running payroll in arrears is more simple than calculating current pay. The bill covers service from June 3 – July 1, and you are billed on July 3, rather than during the service period. Your payment…

You are not an independent contractor if you perform services that can be controlled by an employer (what will be done and how it will be done). What matters is that the employer has the legal right to control the…