by arrisdesigns | Feb 20, 2024 | Bookkeeping
Using the wrong figure will yield an incorrect sales tax percentage. Sales taxes eat up around 2% of the average American’s take-home pay. A third of state government revenue comes from sales tax, which is second only to income tax in terms of importance. Besides...
by arrisdesigns | Jan 25, 2024 | Bookkeeping
In a perpetual system, the COGS account is current after each sale, even between the traditional accounting periods. In the periodic system, you only perform the COGS during the accounting period. Unlike the perpetual inventory method, which updates inventory records...
by arrisdesigns | Jan 11, 2024 | Bookkeeping
But even if you’re not subject to Sarbanes-Oxley, reconciling accounts — especially cash accounts— on a timely basis can help prevent fraud. We’ve all heard of small businesses that lose tens of thousands, even hundreds of thousands, to embezzlement. Many of those...
by arrisdesigns | Oct 5, 2023 | Bookkeeping
There are several ways to measure the cost of making such payments or what they’re ultimately worth. Here’s what you need to know about calculating the present value (PV) or future value (FV) of an annuity. Because of the time value of money, money...
by arrisdesigns | Jul 13, 2023 | Bookkeeping
These may impede the company’s liquidity, which in turn can stymie the company’s growth. However, there may be a disparity between these and the number of authorised shares. The number of authorised shares is the maximum number that the company is legally allowed to...
by arrisdesigns | Jul 5, 2023 | Bookkeeping
On top of this, corporations like to issue stock dividends when something is about to change the share price anyways, so that is something to keep in mind as well. If shares were at $10, it might have paid a 50 cent dividend, or a 5% annual yield, normally. With cash...
