Demystifying Amortization Expense Journal Entry: A Comprehensive Guide
There are mainly two effects of amortization in the financial statements. Goodwill in accounting refers to the intangible value of a business that is above and beyond its tangible assets, such as equipment or inventory. It represents the reputation, customer base, and other non-physical assets contributing to the business’s value. The amortization expense increases (debit) […]
Regressive Tax Definition, Pros & Cons, vs Progressive Tax
Regressive taxes make low-income earners pay a larger share of their income in comparison to theirmiddle- and high-income peers. From income tax to sales tax, there are so many different types of taxes. Here’s what you should know about regressive tax and progressive tax — what they are, how they work and the difference between the two. Proponents […]
Treasury Stock Financial Edge
This allows companies to raise capital quickly, especially during periods when they perceive their stock to be undervalued. Additionally, repurchasing shares can be a strategic method to distribute excess cash to shareholders, signaling confidence in the company’s financial health. The alteration in shareholder equity composition also has implications for the book value per share, a […]
How many weeks a year if paid bi-weekly? Answers
A biweekly pay period provides payment every two weeks on a specific day (say every other Wednesday), resulting in 26 biweekly paychecks in a year. It’s among the most popular pay schedules, particularly for businesses with salaried employees. This system strikes a perfect balance between frequent paydays for employees and employers’ administrative costs for payroll […]
Bookkeeping Services in Manchester
We believe in working with our clients, in Grocery Store Accounting order to provide a truly personal service. We take time to learn about and understand each clients business objectives. Double entry bookkeeping is a system where every entry into an account has a corresponding and opposite entry into a different account. SERVICES Whether you’re […]
