This happens all the time, and cash accounting can make the company look more profitable than it actually is. The accrual method requires that companies record revenue when cash is received and expenses after they are paid. That makes cash accounting more common among smaller companies. In this case, the customer receives the order immediately…
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Moving on, let’s look through the details of how the salvage value can be used in depreciation calculations. The IRS Collection Statute Expiration Date (CSED) is a 10-year period during which the IRS can collect outstanding tax debts. Factors such as bankruptcy, installment agreements, and offers in compromise can extend this period. Understanding the CSED…
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This will protect the company from any unfavorable movements in the exchange rate between now and the payment date. The relationship between forward points and interest rate differentials is a fundamental aspect of forex markets. This differential is a reflection of the economic policies and conditions in the respective countries, and it plays a pivotal…
OANDA also supports the widely popular MetaTrader 4 (MT4) platform but has its own trading platform called OANDA Trade Web and OANDA Trade Mobile. We thought the outstanding feature of the web version is that it comes with TradingView for advanced charting and a guaranteed stop loss, but we were disappointed it is not available…
Consequently, the information provided by volume variance analysis can be vital in revising production and cost control strategies. Overhead variance analysis is a critical aspect of variance analysis for accountants, focusing on investigating deviations from standard costs. It involves comparing the actual overhead incurred with the standard overhead expected, identifying the reasons for any discrepancies….
Lime Fx is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from Lime Fx traders and trading data accrued from over 10 years to meet the needs of their clients. Lime Fx standard spreads generally fall in the midrange when…
The inflation numbers for the month of June were reported yesterday, and they weren’t good. The Consumer Price Index on a year over year basis rose to an adjusted inflation rate of 2.7% May’s numbers only showed an increase of 2.4%. “Recommended a few of my friends to what is business accounting them. I will…
If you notice a pattern among customers who consistently make late payments, consider tightening your collections process to bring in cash faster. AR aging reports provide insights into outstanding receivables, enabling accurate cash flow forecasting. This helps finance leaders plan for future expenses and investments, ensuring sufficient liquidity and avoiding financial strain. Forecasting Future Cash…
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