QuickBooks Payroll enables you to track time, run payroll accurately, fill and submit forms, file and pay taxes in time and more to stay compliant. To try it out, enter the worker’s details in the payroll calculator and select the hourly pay rate option. Then enter the number of hours …

Most people don’t expect checks to hit their account six months later, so they might not have money set aside for your payment anymore. Cashier’s checks can be complicated, and state law affects how long those payments are good for. Banks might not accept a cashier’s check for deposit after …

It’s also a useful measure to compare a company with a lot of rob stone goodwill on the balance sheet to one without goodwill. Now, let’s say that Company B has $8 million in stockholders’ equity and 1,000,000 outstanding shares. Using the same share basis formula, we can calculate the …

There are two ways of preparing P&L single step and multi step income statement. Single step gives you the revenue, expenses and the profit or loss of the business while Multi step breaks down operating revenues and operating expenses versus non-operating revenues and non-operating expenses. For both, the top line …

A daily compound interest calculator calculates what you’ll earn (or be charged) every day. With monthly, you’ll earn (or be charged) interest each month, and with annual, you’ll earn (or be charged) every year (an annual percentage). Due to the way the compound interest formula works, the more frequently you …

Similarly, if there are deposits appearing in the bank statement but are not in the cash book, add the entries to the cash book balance. Using accounting software will make it much easier to reconcile your balance sheet accounts regularly. There are several steps involved in the account reconciliation process, …

An appropriate discount rate is the unlevered cost of capital that takes into account the risk of tax benefit. The present value of the interest tax shield is therefore equal to the formula in Eq. Chapter focuses on the identification and analysis of selected methods for measuring the tax shield …

This approach not only streamlines operations but also drives profitability and long-term growth. Proper expense categorization is crucial for accurate job costing and financial reporting. Develop a clear system for categorizing expenses and train your team to use it consistently. Despite these differences, construction accounting still adheres to general accounting …

However, it’s not a good look for a company to abruptly stop paying or pay less in dividends than in the past. On the date of payment, the corporation mails checks to the appropriate recipients, an event recorded as follows. Company-operated DRIPs are usually commission-free, since they bypass a broker. …

Cook CPA is committed to providing consulting, accounting, tax and auditing services that distinguish our common sense, uncommon service approach from any other CPA firms. We do so by utilizing technology to its fullest capabilities, taking time to understand and analyze a business’s needs, long-term goals, and objectives to personalize …