Try Shopify for free, and explore all the tools you need to start, run, and grow your business. Take your learning and productivity to the next level with our Premium Templates. Access and download collection of free Templates to help power your productivity and performance. While revenue alone isn’t the only measure of your financial […]
GL Accounts: What Are They and How Do They Work in Double-Entry Accounting
GL account types are used for tracking and categorizing different types of financial data within a company’s general ledger. These types can include income, expenses, assets, liabilities, equity, and revenues. Each type serves a specific purpose in providing detailed information about the financial health of a business. The totals calculated in the general ledger are […]
Capital Expenditures vs Revenue Expenditures: What’s the Difference?
As stated earlier, revenue expenditures or operating expenses are reported on the income statement, which is highlighted in blue below. In other words, the cost of capital expenditures is spread out over many periods or years, whereas revenue expenditures are expensed in the current year or period. Certain productions costs, such as the overall price of goods or […]
How to Calculate the Cost of Goods Sold
Without properly calculating the cost of goods sold, you will not be able to determine your profit margin, or if your business is making a profit in the first place. Alexis started the month with stock that had a cost of $8,300, which is her beginning inventory. Over the month, she ordered materials to make […]
5 Often Overlooked Income Tax Breaks
Content Child and Dependent Care Credit Medical Expenses Home mortgage interest Dental and medical expenses Fallen Tree Damage—Who Pays? Tips on Ways to Spend Your Money for Happiness If neither you nor your spouse is covered by a workplace retirement plan such as a 401, you can deduct the full amount of your contribution. The […]
Home Carson Group Advanced Solutions Tax & Accounting
Its team assists individuals and businesses with preparing their annual tax returns. The company also helps secure deductions under federal, state, and local tax laws, along bookkeeping colorado springs with representing clients before the IRS. In addition, its team offers accounting and payroll services and prepares financial reports that can be used in corporate planning. […]
Hosting Server Read Timeout
Content Product help from a community of industry peers and partners What is unique about Xero? Checking if the site connection is secure The Difference Between Cloud, Citrix & VMware International Day of Education: How FinTech is Furthering the Cause of Financial Inclusion and Literacy Cloud-based software are characterized with automatic updates that enable you […]