Category Archives: Bookkeeping

Companies can leverage their call option anytime outside the call protection period. This eases the obligation of serving a debt at higher coupon rates when market interest rates are low. The price of a call option depends on the coupon … Continue reading →

On the other hand, if the goods are the acquired ones, the carrying cost, as stated above, includes miscellaneous charges, including taxes, and freight charges. Goods on a Census basis are adjusted by BEA to a BOP basis to align … Continue reading →

Having a miscellaneous budget line offers flexibility in your budget, helping you cover unforeseen costs as they arise. Does your nonprofit use small equipment, software subscriptions, or office supplies? For example, if you have it in your plan to buy … Continue reading →

Extended Pricing (or Extended Costing) is used in accounting to calculate the total true costs incurred in the acquisition of an item. A LOC order activates a limit order at the very end of the trading day; a MOC order … Continue reading →

Corporate banks provide tailored solutions to meet the unique requirements of each client through a network of specialized departments. Opening a bank account is the first requirement for using retail banking services. Savings accounts, which give standard banking services like … Continue reading →

It means the company will provide a cash discount of 2% over the invoice amount if the customer pays within 10 days from the invoice date. Trade discounts get negotiated individually or through contracts and are typically offered to specific … Continue reading →

Even though they both have a stated interest rate of 10%, the effective annual interest rate of the loan that compounds twice per year will be higher. Nominal interest rates refer to the interest rates that are unadjusted for inflation. … Continue reading →

Explore the intricacies of notes receivable, from initial recognition to liquidity analysis, to enhance your financial reporting accuracy. Square has recently gotten into lending money to its customers through its Square Capital program. According to Business Insider (April 15, 2015 … Continue reading →

A tool that will help you keep all the information stored and secured digitally so you wouldn’t have to worry about losing it. It is important to have accurate financial statements to keep track of the growth of the business. … Continue reading →

FastFund Nonprofit Accounting software helps you automate many parts of your nonprofit’s finance operation. It simplifies recording transactions accurately, managing data, and generating compliant financial statements. Therefore, choosing accounting software designed specifically for nonprofits making preparing and generating financial reports much … Continue reading →