Any financial management software should provide solid value for a reasonable cost. Finally, both platforms also provide some basic accounting tools for small business owners, although QuickBooks goes far beyond Quicken in this regard due to its focus on business users. Both platforms offer basic financial tools to help set and manage budgets, expenses, and […]
Category Archives: Bookkeeping
In particular, companies that are publicly traded understand that investors in the market could perceive lower profitability negatively. And the book value at the end of the second year would be $3,600 ($6,000 – $2,400). This cycle continues until the book value reaches its estimated salvage value or zero, at which point no further depreciation […]
Any contingent liabilities that are questionable before their value can be determined should be disclosed in the footnotes to the financial statements. For example, consider a company involved in a lawsuit where damages are being sought against them. If a contingent liability is considered probable and the amount can be reasonably estimated, it should be […]