Examples of fixed assets
A fixed asset is a long-term tangible property or piece of equipment that a company owns and uses in its operations to generate income....
What is Enterprise Resource Planning ERP?
ERP systems have the capability to bring together a company’s financials, supply chain data, sales and commerce activities, manufacturing data, reporting, and human resources...
Personal Income Tax for Residents
Your filing status on your Massachusetts personal income tax can affect your exemptions you're and how much you're taxed. Taxpayers affected by presidentially declared...
What is a long-term liability?
For instance, a lessee may agree to pay insurance, property taxes, interest and amortized charges. Leases are agreements between an entity that has an...
Xero Review 2024: Features, Pricing & More
It covers up to 25 users and provides dedicated customer support and advanced reporting features. You can import data from other accounting software in...
Bad debt expense formula Definition & Calculation
Thus, you have a debit of $1,500 in your allowance for your bad debt reserve account. The invoice amount is removed from accounts receivable...