How to Pay Yourself as a Business Owner: Salary vs Owner's Draw

Taxes will be taken out automatically and his compensation will be consistent. If he has $120,000 in owner equity, including his original $50,000 contribution and earnings from past years. If Charlie takes out $100,000 worth of an owner’s…

Accrued Expense Journal Entry

It is a good idea to familiarize yourself with the type of information companies report each year. Peruse Best Buy’s 2017 annual report to learn more about Best Buy. Take note of the company’s balance sheet on page 53 of the report and…

Bookkeeping for Nonprofits: A Complete Guide

ContentBookkeeping for nonprofits made simple!Why choose Pattar & Co. CPA?Company ProfileBest Bookkeeping Services in IndianapolisKey Responsibilities of a Nonprofit BookkeeperBookkeeping for Nonprofits: A Basic Guide & Best PracticesYoung-Sullinger…

Double-Declining Depreciation Formula

ContentDouble-Declining Depreciation FormulaThe Accounting Gap Between Large and Small CompaniesWhat is the approximate value of your cash savings and other investments?Depreciation CalculatorFiguring Depreciation Under MACRS You maintain…

Bookkeeping Price Packages: Expectations vs Reality

ContentRevenue And Expense ManagementOne-time fee for cleaning up your booksAI in accountingFactors to consider when determining your bookkeeping ratePACKAGE BGiersch Group business review cost And, offering packages to avoid giving away…

What are Contingent Assets?

A contingent liability is dependent on the outcome of an uncertain future event. A contingent liability is recorded in the records of accounting if the contingency is estimated in probability. Hence, a that future intent liability is recorded…