Catégorie : Bookkeeping

Since repurchased shares can no longer trade in the markets, treasury stock must be deducted from shareholders’ equity. The stockholders’ equity is only applicable to corporations who sell shares on the stock market. For sole traders and partnerships, the corresponding concepts are the owner’s equity and partners’ equity. The retained earnings portion reflects the percentage…

Instead, the CFPB will continue to monitor the market and adjust the safe harbor amount as the CFPB determines is appropriate to reflect changes to pre-charge-off collection costs and other factors. The discussion below considers the effects of this change relative to a baseline in which the new $8 safe harbor amount applicable to late…

Net Profit Margin (also known as “Profit Margin” or “Net Profit gross margin accounting”) is a financial ratio used to calculate the percentage of profit a company produces from its total revenue. It measures the amount of net profit a company obtains per dollar of revenue gained. The net profit margin is equal to net…

They would need to borrow $600,000 from the bank to complete the transaction. A bank may require 5% annual interest on the principal amount – the fee paid to borrow the money. When considering a mortgage offer, make sure to look at the total monthly payment listed on the written estimates you receive. Many homebuyers…

However, since a callable bond can be called away, those future interest payments are uncertain. The more interest rates fall, the less likely those future interest payments become as the likelihood the issuer will call the bond increases. Therefore, upside price appreciation is generally limited for callable bonds, which is another tradeoff for receiving a…

Depending on the prevailing market conditions, the market and face value have close to no correlation. Though the bond face value provides some form of guarantee on the return, the stock face value is not a good indicator of the real worth of the investment. In general, face value is a term used to describe…

Co-founder Stella Kim has expertise as a tax practitioner, bookkeeper, and certified QuickBooks ProAdvisor. Julian G. Oh complements the team with over a decade of experience in tax, bookkeeping, accounts receivable, and financial accounting. Their combined skills and expertise make O&K Bookkeeping and Tax a smart decision for businesses seeking proficient and accessible bookkeeping and…

In this blog post, we will go over the steps for recording a credit sale in your journal and how to properly account for it. To create a sales journal entry, you must debit and credit the appropriate accounts. Credit sales refer to a sale in which the amount owed will be paid at a later…