Category: Bookkeeping

In addition, though, you are entitled to fixed dividend payments, like a bond’s fixed interest payments. Some common stock may also offer dividends, but these are normally at lower rates and are more likely to be foregone if a company has a hard quarter or year. While preferred stocks’ dividends are not guaranteed like bond interest payments, they are much less likely to be waived. The total value of assets reported on a company’s balance sheet only reflects the cost…

This adjustment allows companies to minimize their and the shareholders’ contractual obligations, as par value carries a binding contract between an organization and its shareholders. Par value, also known as nominal or original value, is the face value of a bond or the value of a stock certificate, as stated in the corporate charter. Par value is required for a bond or a fixed-income instrument and shows its maturity value and the dollar value of the coupon, or interest, payments…

Our partners cannot pay us to guarantee favorable reviews of their products or services. Andrew is an Audit & Assurance managing director with Deloitte & Touche, LLP, based in Nashville, TN. With more than 15 years of experience at Deloitte, Andrew currently focuses his efforts on leading audit engagements as well as cross-functional advisory and implementation projects for clients across Tennessee. Andrew completed a two-year rotation in Deloitte’s National Office Accounting Services group with a specific focus on revenue recognition…

You don’t get any more revenue from that client for the rest of the year. That really doesn’t reflect reality, because you still need to deliver that service for the rest of the year. With accrual accounting, you would recognize $10,000 of that revenue each month. Customer payment confirmation So, for example, if your customer signs a big contract, you’d consider the money earned, even if they haven’t paid you yet. This method is more complex, but it allows you…

Come join us for a fun filled evening and get all your tax questions answered. We will have pizza for fuel and you will walk away from this event with all your important tax questions answered. It’s important to keep detailed records of all these expenses as they can significantly lower your taxable income. In this comprehensive guide to accounting for photographers, you’ll get the information you need to set up your business for accounting success. Next, we ensure compliance…