Category: Bookkeeping

Real estate management software is technology that makes asset and property management easier. It helps landlords, investors, leasing agents, maintenance technicians and other real estate professionals track and execute projects and data more efficiently. It also makes renting easier for tenants because it allows them to make payments, sign leases, request support and otherwise manage…

The Church Accountant understands that you have special payroll needs specific to your type of organization. We know the ins and outs of clergy payroll, including issues like housing allowances and FICA/SECA considerations. You can trust that all of your payroll deadlines will be met. Clergy Financial Resources’ comprehensive bookkeeping services are designed to help…

A cash-flow budget helps managers determine the amount of cash being generated by a company during a specific period. The inflows and outflows of cash for a company are important because expenses need to be paid on time from the cash generated. For example, monitoring the collection of accounts receivables, which is money owed by customers,…

Yes, individuals can write off certain expenses on their taxes, such as charitable donations, mortgage interest, and certain medical expenses. However, there are limitations and restrictions on what can be deducted; consult with a tax professional or refer to IRS guidelines for specific details. Strictly speaking, you’re not required to write off an expense if…

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Likewise, you can show which bills your business has already paid and any expenses or liabilities that have yet to be dealt with. This method makes it easy to keep the unique situation of each sale or bill up to date, making adjustments when each item is satisfied or keeping notes of anything still outstanding.…

However, keep in mind that while depreciation spreads the cost of a capital asset over several years (for tax purposes) it is not intended to actually mirror the real world wear and tear on the asset. In terms of its accounting treatment, an expense is recorded immediately and impacts directly the income statement of the…

A contra liability account is not classified as a liability, since it does not represent a future obligation. You may use accounting software packages, such as QuickBooks Online to set up contra accounts. Simply hit Control + N under the Chart of Accounts or Edit, then click New (to create a new account). For example, when a…

With a 5% cap rate, the investor can expect a 5% annual return and that the investment will pay for itself in 20 years. An investor can then compare that cap rate to other potential property investments. To get the unlevered rate of return on an investment the real estate investor adds (or subtracts) the…

Selling bonds is another form of debt financing, and one of the most common for corporations. Both public and private corporations issue corporate bonds, which are a type of fixed-income security. Corporations place these investments on the open market to help fund projects and other debt restructuring and sovereign bankruptcy major financial undertakings. Investors can purchase…