This approach matches the higher usage and faster depreciation of the car in its initial years, providing a more accurate reflection of its value on the company’s financial statements. Of course, the pace at which the depreciation expense is recognized under accelerated depreciation methods declines over time. Double declining balance depreciation allows for higher depreciation …

Double-Declining Balance Depreciation Method Leer más »

Use Jetpack Workflow’s workflow management system to assign articles and set aside time for research and educational development. Her blog is dedicated to providing up-to-the-moment accounting tips and resources. Written by fellow industry professionals, here are some of the best accounting blogs and vlogs to keep you up to date on the industry. Accountants and …

The Bookkeeper’s Blog .. Blogs on Good Bookkeeping Practices Leer más »

When retained earnings (RE) are positive, they increase the organization’s equity. That equity may then be reinvested back into the business to fuel its future growth. Accountants also distinguish between current and long-term liabilities. Current liabilities are liabilities due within one year of a financial statement’s date. The term «owner’s equity» covers the stake belonging …

Bookkeeping Basics for Small Business Owners: Everything You Need to Start Doing Your Own Bookkeeping Bench Accounting Leer más »