Accounting and Tax Services in Richmond, VA .

Sales forecasting

Today we are looking at the word Owners’ Equity. Owners’ Equity means the interest of the business owners in the assets of the business...

The word this week is uncollectible account. An uncollectible account is an account such as a receivable, notes receivable, or any other...

As a business owner, more than likely, at some point in time, you will have to write-off bad debts on your balance sheet. Most balance...

We are looking at the word depreciation. Depreciation is the spreading out the original cost over the estimated life of a fixed asset...

This week we are looking at the word Fixed Asset-To-Equity Capital ratio. This is a computation that indicates whether or not a company...

This week we will be looking at the accounting word nonrecurring. Nonrecurring is an income statement event that is either unusual or...

Today, we will be looking at two forms of leases. 1. An operating lease is rental of property between the lessee and lessor for a fee. 2....

Financial analysis is a means for a company to monitor and evaluate a firms financial position, to plan future financing, and to...

This week we will be discussing two methods of accounting: 1. Cash method 2. Accrual method The cash method is a method of recogonizing...