Bookkeeping

October 19, 2022

Warning: Why a Cash Trap Must be Avoided at All Costs

A similar review of long-term, postemployment obligations would likely highlight additional opportunities to free up cash. Only the largest two or three competitors in any product-market […]
October 17, 2022

Paid in Arrears: Understanding Backward Payment Systems

If the supplier doesn’t receive payments before the pay period ends, the account will be in arrears. You’re working with a freelance accountant to help take […]
October 6, 2022

Cost of Goods Sold: Defining Calculating COGS

By subtracting what inventory was leftover at the end of the period, you calculate the total cost of the goods you sold of that available inventory. […]
October 6, 2022

Employers Guide to Federal Unemployment Tax FUTA

Since you have made a deposit for Quarters 1 and 2, if your tax liability for Quarter 3 (ending September 30) is under $500, you do […]