Bookkeeping 101

When you make a change to your auto insurance, you might need to do it in the middle of your billing cycle. If the change you make impacts your insurance cost, then your insurance company will prorate your premium….

A prepaid expense is carried on the balance sheet of an organization as a current asset until it is consumed. The reason why is because most prepaid assets are consumed within a few months of being recorded. If a prepaid expense were likely to not be…

“The most freeing thing one can do in a relationship is let go of worries about what all could possibly go wrong and focus on what is going right,” Chronister says. For instance, Chronister suggests placing your focus on the things your partner does …

This differs from how common stock shareholders, who benefit whenever a company grows, are paid. Why companies issue preferred stock is different than the reason they go public and offer common stock. Preferred stock is a form of equity, or a stake i…

Split between assets, liabilities, and equity, a company’s balance sheet provides for metric analysis of a capital structure. Debt financing provides a cash capital asset that must be repaid over time through scheduled liabilities. Equity financing p…

The New York Department of Labor website may have additional specific information on wage laws in the state. $9.00 an hour for employers with four or more employees. The Nebraska Department of Labor website may have additional specific information on…

Here are a few types of costs for new business owners to consider. While every type of business has its own financing needs, experts have some tips to help you figure out how much cash you’ll require….

A non-operating expense is an expense incurred from activities unrelated to core operations. Non-operating expenses are deducted from operating profits and accounted for at the bottom of a company’s income statement. Examples of non-operating expense…

Operating expenses include marketing, rental and administrative expenses. Discontinued operations refer to sold or shuttered business units….

Many line items in the cash flow statement do not belong in the operating activities section. This increase would have shown up in operating income as additional revenue, but the cash had not yet been received by year end. Thus, the increase in recei…