California earned income for purposes of the FYTC is the same as for the California EITC. You must sign your tax return and attach form FTB […]

It is however possible to outsource the task to a bookkeeper or accountant. If you have difficulty answering the following questions, read our In-Depth Explanation for […]

Our balance sheet template is designed to help you quickly organize and present financial data without the hassle of manual formatting. Instead of building each report […]

A predetermined overhead rate is used predetermined overhead rate because actual overhead costs are often not known until the end of the period. It allows companies […]

Businesses analyze historical data to determine an average percentage of sales that typically become uncollectible. This percentage is then applied to the current period’s credit sales […]

This method contrasts sharply with reactive budgeting, which often leads to rushed decisions and financial shortfalls. By examining case studies of successful proactive budgeting, we can […]

Accumulated depreciation is a measure of the total wear on a company’s assets. Accumulated depreciation isn’t usually listed separately on the balance sheet where long-term assets […]

For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. For the […]

In implementing the new requirements, not-for-profit management should review expense allocation practices and review or, if necessary, adopt liquidity management policies. Auditors can help by providing […]