Without a thorough risk assessment, banks have no way of knowing if capital reserves accurately reflect risks or if loan loss reserves adequately cover potential short-term credit losses. Vulnerable banks are targets for close scrutiny by regulators and investors, as…

Generally, partners do not receive any interest in the capital contribution made to the firm according to accounting for partnership. If the deed states that interest must be credited, it is given at an agreed rate. When the contribution to…

She supports small businesses in growing to their first six figures and beyond. Alongside her accounting practice, Sandra is a Money and Life Coach for women in business. PwC refers to the US member firm or one of its subsidiaries…

The degree of operating leverage can show you the impact of operating leverage on the firm’s earnings before interest and taxes (EBIT). Also, the DOL is important if you want to assess the effect of fixed costs and variable costs of…

Accounting for assets and liabilities in a partnership is much similar to accounting in any other form of business. Moreover, the basis of the partnership can be changed with the transactions like salary and interest to partners, which can…

As you’re setting up a new company in QuickBooks, you’ll also be prompted to sync any bank or credit card accounts so Quickbooks can start categorizing your expenses and generating business reports. If you’re importing financial records from an older…

However, provided your outsourced bookkeeping partner embraces cloud-based accounting software, you’ll have access to your books 24/7. If you need help with CFO-level strategic initiatives but have the resources to handle bookkeeping in-house, a good provider will have no hesitation…

You’ll need to click the small, gray cc link at the top right of the “new message” window to add your cc list. In keeping with email etiquette, you shouldn’t expect a cc’d recipient to reply. Cc recipients are people who should…

A huge advantage of choosing QuickBooks is the availability of local bookkeepers in your area who can provide assistance. QuickBooks dominates the market for small business accounting, and most professional bookkeepers use it for their small business clients. QuickBooks Online…

Changes in shares outstanding over time also reveal how valuable shares are as a stake of ownership in the company, as the number of shares available directly affects this. A recent example of a reverse stock split is General Electric's…