Bookkeeping

Maternity leave is often a part of broader parental leave, which extends to both parents. An unpaid maternity leave is required in all US states if both the employer and the employee meet certain criteria. The FLSA only counts “actual work time”—when an employee is performing active work duties—when calculating overtime. Finally, add together the […]

However, most companies do not issue preferred stock, so the total market for them is small and liquidity can be limited. The most common issuers of preferred stocks are banks, insurance companies, utilities and real estate investment trusts, or REITs. Preferred stocks can make an attractive investment for those seeking steady income with a higher

Both small and large stock dividends cause an increase in common stock and a decrease to retained earnings. This is a method of capitalizing (increasing stock) a portion of the company’s earnings (retained earnings). Instead, the company prepares a memo entry in its journal that indicates the nature of the stock split and indicates the

Non-cumulative preferred stock does not issue any omitted or unpaid dividends. If the company chooses not to pay dividends in any given year, the shareholders of the non-cumulative preferred stock have no right or power to claim such forgone dividends at any time in the future. Participating preferred stock does not provide the company with

This means that the stock price and the earnings per share grow evenly and bring a steady yearly growth from the company. In many cases, people neglect a very important component of the company’s earnings – the capital needed to generate these earnings. The source of income is the indicator that puts meaning in the

The main difference is the credit and debit values and when the transaction is recorded. Thus, the cost and expense of this car should be recognized in future periods when the income is earned. Start at the top with the checking account balance or whatever is the first account on the trial balance. If it’s

However, a professional financial planner should be able to help finalize a detailed savings plan and specific investing that can help you reach them one by one. Financial planning is a broad term that can cover a range of different techniques and goals. Most financial plans include multiple types of financial planning to take a

If you “misclassify” a worker and don’t correctly withhold or pay the required amounts, the IRS may flag your business and come after any money owed. You are not an independent contractor if you perform services that can be controlled by an employer (what will be done and how it will be done). What matters

Hiring the right controller will be a great step forward to better understand your finances. Both CFO and controller can be an unstoppable feat in improving the financial management of your company. However, some business owners or leaders may not have the financial mindset to guide them in the right direction. Controllers are executive-level accountants

Analysts and investors alike universally agree that a thorough understanding of the notes to financial statements is essential to properly evaluate a company’s financial condition and performance. As noted by auditors on financial statements “the accompanying notes are an integral part of these financial statements.” Please include a thorough review of the noted comments in your investment analysis. Generally