Content Why Is Debt-To-Total-Assets Ratio Important? What is the debt-to-total-assets ratio used for? What the Debt-to-Asset Ratio Is Alert: highest cash back card we’ve seen now has 0% intro APR until 2024 What is Debt to Asset Ratio? Debt Asset Ratio Calculator This is highly risky, and such debt to asset ratios are common for […]

Tax accountants overseeing returns in the United States rely on guidance from the Internal Revenue Service. Federal tax returns must comply with tax guidance outlined by the Internal Revenue Code (IRC). The Alliance for Responsible Professional Licensing (ARPL) was formed in August 2019 in response to a series of state deregulatory proposals making the requirements […]

It’s true—we’re putting our own blog high on this list of favorites. That’s because we’re passionate about giving you the knowledge and practice management resources to build and grow your business. Accounting CoachImagine if a blog and small business accounting encyclopedia had a baby. That would be Accounting Coach, where accounting instructor Harold Averkamp has […]

This is one of the better ways of searching for the best outsourced accounting services. You do not have to worry about the quality of services, as people you trust have already worked with them and can vouch for the provider’s services. In a world where ransomware attacks are rife, and accounting firms are on […]

Before you even send out an invoice, it’s crucial to assess the creditworthiness of your customers. This is especially important if transactions involve significant sums and extended payment terms. Schedule a demo with us and we’ll show you exactly how accounts receivable automation software can help you optimize accounts receivable performance. Accounts receivable (AR) refers […]

In practice, if your costing method is using Absorption Costing, you are expected to have over and under absorption. Therefore, fixed overhead will be allocated by $ 1.50 per working hour ($ 670,000/(300,000h+150,000h)). The assignment of costs to cost pools is comprised of a standard set of accounts that are always included in cost pools, […]

We value our customers and make them happy by meeting their expectations. As the name implies, back office accounting supports the front office of a business. While an owner can make a decision about the accounting process, the change is often made for the purpose of the front office. In short, accounting should be able […]

In other words, it means spreading out the value of an intangible asset over its lifetime. This is also applicable to loans whose book value reduces over the years through fixed and varied interest rates. Depending on the asset and materiality, the credit side of the amortization entry may go directly to to the intangible […]

Founders have enough on their plates without having to worry about their finances. We take care of the accounting so you can focus on moving your businesses forward. Centaur Digital Corp, helping busy business owners efficiently manage their accounting system. “Outsourcing is absolutely good option for any small business CPA or even a medium sized […]

Likewise, distributions to owners are considered “drawing” transactions for sole proprietorships and partnerships but are considered “dividend” transactions for corporations. Thus, this deferred tax asset gets reversed over a period of time. It gets reversed at a time when the expense is deducted for tax purposes. However, these prepaid expenses eventually turn into expenses from […]