In this case, your assets usually represent your initial investment, the starting capital of the business. You might also have a business loan to help you kick-start your operation and the supplies. An opening balance is the amount in a financial account when a new period begins, like a new year or month (it also [...]

It is critical to note that operational activities differ greatly among industries. A business activity can be classified as operational in one industry, but financing or investing in another. For instance, buying a building is typically an investing activity in most industries. The total cost formula is important because it helps management calculate the profitability [...]

Additionally, there are third-party apps that can integrate with QuickBooks Online to share data seamlessly. Alternately, accountants who are registered with QuickBooks are able to offer their clients preferred subscription pricing. The fee varies, depending on whether the client or the accountant is billed. All plans can be used online through a web browser and [...]

However, Lehman's balance sheet contained relatively low-risk assets such as regulatory deposits and closely matched trades, making up about half of its total assets. "Net leverage," which did not include these assets, was the company's main focus. For example, according to Lehman Brothers' most recent annual financial reports, the company had accounting leverage of 31.4 [...]

If Quickbooks Premier can do almost everything you need it to, it might be worth the slight downgrade in terms of features. When purchasing QuickBooks Desktop Pro, there are several additional fees to be aware of. Intuit isn’t always very forthcoming with these add-ons and fees, so we wanted to share them. In the next [...]