Consumption Tax: An Idea Whose Time is Coming?
The lowest VRR level, and least efficient, was registered in Mexico (0.34), and Colombia and Italy (both 0.38). The highest VRR level, and most efficient, was in Luxemburg (0.89) and New Zealand (0.99). The differences in the VRR levels reflect the disparities in the application of reduced rates and exemptions among the OECD countries. Economic […]
How to Find the Best Virtual Bookkeeping Service for Your Business
If you’re still on the fence about hiring a virtual bookkeeper, crunch some numbers to help reach a decision. Wave bookkeeping is a good choice if you already use apps from the Wave suite of tools. However, if you stick to a strict budget for your business, Wave may not be for you—it’s hard to […]
Best Accounting Software for Small Businesses of 2024
Reporting capabilities increase with each plan, but even the least expensive Simple Start plan includes more than 50 reports. Accounts Payable teams must adhere to the important features of accurate, regular vendor reconciliation. By doing so, they can maintain good vendor relationships, detect fraud, and support audit trails. Vendor Reconciliation is a critical practice to […]
Controller vs CFO: 3 Key Differences
Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here. CFO and controller salaries and other compensation vary by company revenues (size) and private vs. publicly traded status, and candidate qualifications and experience. Bonuses, employee benefits, and equity compensation, including stock options, are extra compensation. Before […]
What Are T Accounts? Definition and Example
In the Fees Earned T-Account, the $30,800 revenue goes on the right (credit) side of the account because the revenue is increasing. In the Accounts Payable T-Account, the $2,290 payment goes on the left (debit) side of the account because the liability is decreasing. In the Rent Expense T-Account, the $8,300 deposit goes on the […]
Sir Keir Starmer confirms Rwanda plan ‘dead’ on day one as PM
Ms. Twyford said she sees other factors at work in the constricting market that advocates of Intro 360 say make brokers’ fees especially unpalatable for poorer renters. When it comes to the long-term effects of Intro 360 on the market, only time will tell, he said. He alluded to the Tenant Protection Act of 2019, […]
Mastering the Amortization Schedule of Bonds: A Step by Step Guide
In our example, the bond premium of $4,100 must be reduced to $0 during the bond’s 5-year life. By reducing the bond premium to $0, the bond’s book value will be decreasing from $104,100 on January 1, 2023 to $100,000 when the bonds mature on December 31, 2027. Reducing the bond premium in a logical […]
Best Small Business Accounting Software 2024
When you click “Contact Xero support,” you are taken to your Xero login page. Once you have a customer record and start creating invoices, sending statements, and recording business accounting billable expenses, you can usually access historical activities within the record itself. Zoho Books is surprisingly affordable, and it even has a free version. These […]