Preferred Stock: Overview, Types, Valuation and Example

par | Juil 7, 2023 | Bookkeeping

Retractable preferred stocks are preferred stocks that give the stockholder the option to choose whether to covert their shares into common shares or not redeem them. The issuing company cannot block or dictate whether the retractable stocks are redeemed or not. When...

irrevocable letter of credit ILOC

par | Juil 5, 2023 | Bookkeeping

Various factors that may impact your ability to receive and trust in the ILOC process include the bank’s financial stability, global reach, and credit handling experience. In many ways, the ILOC is not only a reflection on the buyer or applicant but a judgement...

Preparing the Statement: Direct Method

par | Juin 21, 2023 | Bookkeeping

If instead you are an independent contractor, you will report this income on Schedule C or Schedule C-EZ. You will be able to deduct your job related expenses from this income also. For example, if you did landscaping work and were self-employed, you will be able to...

Travel Agency Accounting: Master The Basics

par | Juin 9, 2023 | Bookkeeping

So, we give our clients a good view of their financial viability regularly which helps them plan their trips and develop business strategies to grow and prosper. Set up your accounting software in a day through our checklist, for converting a client from your legacy...

Owner’s Equity vs Retained Earnings

par | Mai 17, 2023 | Bookkeeping

Retained earnings are not an asset but are classified as a liability. The company’s balance sheet shows retained earnings under the shareholders’ equity section. Now, if you paid out dividends, subtract them and total the Statement of Retained Earnings. You will be...