Not only does the principal debt balance need to be paid, any lender is charging an interest rate to borrow their money. Your company, the health of its financials, and the overall debt position will dictate what the terms and condition of the loan is. Debt must navigating freelance taxes in 2020 be repaid, which […]
Category: Bookkeeping
Money Market Funds: What They Are, How They Work, Pros and Cons
These near-zero rates meant money market fund investors saw returns that were significantly lower, compared to those in the prior decades. Further, with the tightening of regulations after the 2008 financial crisis, the number of investable https://www.bookstime.com/ securities grew smaller. Many investors prefer to park substantial amounts of cash in such funds for the short […]
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The Difference Between Gross And Net Income
Net income also includes any other types of income that a company earns, such as interest income from investments or income received from the sale of an asset. Gross income or gross profit represents the revenue remaining after the costs of production have been subtracted from revenue. Gross income provides insight into how effectively a […]
Mental Health Modifiers: The Definitive Guide 2023
Ensuring that all components of mental health billing are accurate and on time can be challenging. With ICANotes, you can worry less about getting your documentation right and spend more time with your patients. We offer a solution to the many complexities in the healthcare environment that make your job more difficult. ICANotes is the […]
Salvage Value Formula + Calculator
The cut-off value which is calculated by the percentage defined in the cut-off value key will not be considered. Even if the cut-off value calculated is bigger than the scrap value, depreciation will stop when the scrap value is reached. Once the cut-off value key is configured it can be assigned to the depreciation key […]
Accumulated Depreciation and Depreciation Expense
Depreciation helps companies avoid taking a huge expense deduction on the income statement in the year the asset is purchased. After you have set up a GAA, you generally figure the MACRS depreciation for it by using the applicable depreciation method, recovery period, and convention for the property in the GAA. For each GAA, record […]