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Let’s look at the differences between bookkeepers and accountants. Also, investors and lenders will be looking for precision and professionalism in your financial data. Neither of these is possible dental bookkeeping when your personal finances are combined with your practices’. While it is imperative to the financial health of your business, it can take away …

Dental Bookkeeping for Dentists & Dental Offices WCG CPAs & Advisors Read More »

You can also opt to use the Bookkeeper360 App without subscribing to the bookkeeping service for $19 per month. The company’s product offering includes SaaS business intelligence tools and tech-enabled accounting, advisory, back-office, payroll, and tax services. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. With Bench, …

Bookkeeper360: Xero Accounting & Bookkeeping Solution Read More »

The coupon rate can be calculated by dividing the annual coupon payment by the bond’s par value. To calculate the interest payment on a bond, look at the bond’s what is the difference between cost and expense face value and the coupon rate, or interest rate, at the time it was issued. The coupon rate …

Bond Valuation: Calculation, Definition, Formula, and Example Read More »

The monthly rent payments are £800 and are always due on the 1st of the month. In March the company’s account has insufficient funds so the £800 cannot be transferred. From 2 March the company is in arrears and is said to be paying in arrears. If the company makes a payment of £800 on …

What does it mean to be paid in arrears? Read More »

Instead of paying $140 every month, you are billed $1,200 for the full year saving you almost $500. You look over the lease and realize it doesn’t actually specify how the landlord would like to get paid or where to send the money. It becomes clear that you won’t be able to pay the landlord …

What Are Accrued Expenses? Definition and Examples Read More »

See Change in Accounting Method, later, for information on how to get IRS approval. See Expense paid in advance under Cash Method, earlier, for examples illustrating the application of the general and 12-month rules. You receive the supplies and the bill in December, but you pay the bill in January 2021. You can deduct the …

What Is Accrual Accounting? Read More »