Retirement topics IRA contribution limits Internal Revenue Service
In 2020, IRA contribution limits should remain where they were in 2019. Those who are younger than 50 as of the last day of...
Is Bookkeeping a Difficult Job?
However, if you’re starting from scratch, it might take some time, from a few weeks to a couple of months. It has low overhead...
Statement of Stockholder’s Equity Format Example Explanation
Retained earnings consist of accumulated profits that the company chooses to reinvest rather than distribute as dividends. They form a significant part of common...
Period Cost Defined: Easy Guide & Calculation Methods
The Generally Accepted Accounting Principles (GAAP) provide a framework for classifying these expenses. Moreover, effective budgeting techniques relies on correctly identifying and managing...
Key Term Encumbrance Accounting
It is a forward-looking measure, indicating an intent to spend based on an order or contract. Non-profit organizations, on the other hand, may follow...
Audit Your Understanding 1 Describe the Two Parts of an Account Number
The BBAN must be of a fixed length for the country and comprise case-insensitive alphanumeric characters. It includes the domestic bank account number, branch...
What Is a Contra Account? Types + Examples
A contra revenue account is a revenue account that is expected to have a debit balance (instead of the usual credit balance). In other...
50+ Touching Caring Messages for Loved Ones
Sometimes the simplest expressions of love are the most memorable and unique. The truth is, we all need to hear the 'I love you'...