Bookkeeping

The IRS mandates a zero-coupon bondholder owes income tax that has accrued each year, even though the bondholder does not actually receive the cash until maturity. The frequency of the coupon payment is 2x per year, so the bond pays coupons semi-annually. Suppose we’re tasked with calculating the yield to maturity (YTM) on a corporate […]

If a company issues ad dividend, it may issue cumulative preferred stock. This means that should a company issue a dividend but not actually pay it out, that unpaid dividend is accumulated and must be made in a future period. It is also important to note that preferred stock takes precedence over common stock for

At LBMC, we’re proud to provide outsourced bookkeeping, controller, and CFO services to businesses in Tennessee, Kentucky, Indiana and beyond. Our team has experience across a wide variety of industries, from well-established construction and real estate businesses to new companies in emerging markets including the brewery and hemp industries. Partnering with an outsourced controller gives

Depending on both the entity that has requested the W-8 and the entity who is required to complete it, there are a number of different variations of the W-8 form that you may need to complete. If you’re a non-US citizen and a non-US resident (known as a non-resident alien) who has earned money in

The statute and regulations that govern the preparation of financial statements extend to many hundreds of pages. Dummies has always stood for taking on complex concepts and making them easy to understand. Dummies helps everyone be more knowledgeable and confident in applying what they know. With economic globalization, the unification of accounting standards is essential.

Over 75% of small and mid-sized businesses who use cloud-based accounting software use QuickBooks Online (QBO). When you use cloud-based accounting software, you don’t have to have a designated computer. Our Accounting for Startups Silicon Valley Bank clients love being able to see how their business is doing at all times, regardless of their location.

Pay stubs are important for employees because it has your earned income and taxes deducted from your paycheck which helps you get your final net pay. Many people use pay stubs to verity their income for a house, apartment, car, or loan. A paycheck is an actual check that is given as payment to an

The exact scenario is I am an independent consultant for multiple HR Outsourcing services. I am putting up a $1,000 security deposit on my client’s behalf which I expect to be refunded to me within a month or two. The $1,000 is part of a service fee I have already billed my client and recorded

But if you have a high quick ratio, it can also show that you’re holding onto reserves that may be better used as investments into your business. When calculating your quick ratio, you don’t want to add in every asset of your business. Another advantage of liquidity ratios is their utility in assessing a company’s

When a payment is accidentally deleted in QuickBooks, users can utilize the ‘Audit Log’ feature to track the deleted transaction and restore it. This log records all changes made to the data, enabling users to easily locate and recover the deleted payment entry. A confirmation prompt will appear, and upon confirmation, the payment will be