Bookkeeping

This is why it has flexible billion options, such as American Institute of Architects, time and materials and freeform billing. The software makes invoice routing easy and conveniently reconciles things with the GL when paid. This software platform is best for contractors seeking detailed bids from subcontractors and vendors to have the most comprehensive preproject …

Bookkeeping and Advisory Services for Construction Companies Leer más »

The companies that compete for the best talent in highly competitive fields may offer the most extraordinary fringe benefits. Google’s parent company Alphabet provides free commuter bus service and a free gourmet cafeteria. Microsoft gives 20 weeks of paid time off to new birth mothers and 12 weeks for other new parents. The fringe benefit …

Fringe pay: What is it and how do you provide it? Leer más »

For these kinds of fringe benefits, you must use the actual date the property was transferred to the employee. Under this rule, you determine the value of a vehicle you provide to an employee for personal use by multiplying the standard mileage rate by the total miles the employee drives the vehicle for personal purposes. …

How to Identify and Calculate Fringe Benefits In Your Employee Expenses Leer más »

The interest payable account is maintained under the generally accepted accounting principles (GAAP). By contrast to the accrual principle, the cash accounting principle recognizes an event when cash or compensation is received for an event. Below is a break down of subject weightings in the FMVA® financial analyst program. Issued When Market Rate Equals Contract Rate …

Solved: Recording interest payable Leer más »

This value does notinclude the interest cost—the cost of borrowing—related to thedebt. Beyond FASB’s preferred method of interestamortization discussed here, there is another method, thestraight-line method. This method is permitted under US GAAP if theresults produced by its use would not be materially different thanif the effective-interest method were used. IFRS does not permitstraight-line amortization …

Interest Payable What’s It, How To Calculate, Vs Interest Expense Leer más »