por Thais Pousada | Dic 30, 2022 | Bookkeeping
They do not have any intention to sell the fixed assets for profit. However, at some point, the company needs to dispose of the fixed assets to purchase a new one. It leads to the sale of used fixed assets that company can generate some proceed. Fixed assets are...
por Thais Pousada | Abr 12, 2021 | Bookkeeping
ChatGPT, while a strong performer overall, was especially good on the BAR section for business analysis and reporting. Meanwhile, although its weakest point is REG, the regulatory area that is mostly devoted to tax regulations, it did better on this section accounting...
por Thais Pousada | Dic 18, 2020 | Bookkeeping
The IRS publishes depreciation schedules indicating the number of years over which assets can be depreciated for tax purposes, depending on the type of asset. For example, an asset purchased on the 10th of June would result in two-thirds of a month’s depreciation for...
por Thais Pousada | Oct 23, 2020 | Bookkeeping
In the cash method of accounting, you record the transaction only when the money has actually changed hands. So, even though you received an invoice in January, you’d record the expense as a cash transaction in February, on the date that it was paid. As a business...
por Thais Pousada | May 14, 2020 | Bookkeeping
A master’s degree in accounting can prepare you for leadership and management positions. Accounting and business courses combine to make up half of the degree’s total credit requirements. Upper-level accounting classes cover advance, cost, and financial...
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