The Bookkeeping Company Portland, Oregon 503-252-9197
At Perpetual CPA, our goal is to make accounting, tax and other business process services as easy and streamlined, for our Clients as possible. Therefore we have created the Pricing Tool that is published on the PRICING page, where our clients can estimate our fees for their custom set of services. No two businesses and […]
Cash Payment or Cash Disbursement Journal Calculation
When the company makes cash disbursement, they have to record cash outflow. The other side of the recording will depend on the nature of the transaction. We record the payment to the Evergreen under the Accounts Payable because purchases on account might be something that is done regularly. If the company purchased supplies with cash […]
How Operating Leverage Can Impact a Business
A high DOL level shows that fixed costs are more predominant than an organization’s variable costs. The degree of operating leverage calculator is a tool that calculates a multiple that rates how much income can change as a consequence of a change in sales. In this article, we will learn more about what operating leverage […]
Mark-to-Market MTM Losses: Definition and Example
These standards, along with other accounting and financial reporting rules, apply to corporate entities and nonprofit organizations in the U.S. • https://wyomingdigest.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ adjusts asset values based on current market conditions to estimate their potential sale value. Mark to market settlement is the process of settling financial contracts at their current market values. Mark to market […]
The Matching Principle in Accounting What You Need to Know
According to the principle, $6,000 in commissions must be disclosed on the December income statement, along with $60,000 in sales. It also stipulates that a current liability of $6,000 be included on the December 31 balance sheet. Because it requires that the complete effect of a transaction be recorded within the same reporting period, this […]
Accounting Overview, Principles, Examples, Importance, & Facts
However, accounting plays a key role in the strategic planning, growth, and compliance requirements of a company. Luca Pacioli is considered “The Father of Accounting and Bookkeeping” due to his contributions to the development of accounting as a profession. An Italian mathematician and friend of Leonardo da Vinci, Pacioli published a book on the double-entry […]
