by truby | Jun 7, 2024 | Bookkeeping
It’s important to review the policy carefully before purchasing to understand the coverage limits, deductibles, and exclusions. Prepaid insurance is also considered an asset because of its redeemable value. Any remaining prepaid portion of the premium could be...
by truby | May 13, 2024 | Bookkeeping
Company XYZ has operating income before taxes of $150,000, and the total interest cost for the firm for the fiscal year was $30,000. You must compute Times Interest Earned Ratio based on the above information. Times Interest Earned Ratio is a solvency ratio that...
by truby | Feb 1, 2024 | Bookkeeping
They implemented a more efficient payroll system and ensured compliance with tax regulations, which was crucial for John’s peace of mind. His establishment is well-regarded for its exceptional cuisine and warm ambiance. However, John was overwhelmed by the financial...
by truby | Aug 16, 2023 | Bookkeeping
Emerging technology – including AI-generated deepfakes – threatens to turbocharge this scourge, and the FTC is committed to using all of its tools to detect, deter, and halt impersonation fraud. All rights are reserved, including those for text and data mining, AI...
by truby | May 31, 2023 | Bookkeeping
It is one of the basic assumptions upon which financial statements are prepared, and it helps to ensure that all transactions are recorded accurately and consistently. This means that a schedule of activities will mandate when accruals are to be posted, as well as the...
by truby | Mar 27, 2023 | Bookkeeping
Once you are licensed, insurance business can be transacted throughone or more insurance agencies. While some states do not impose limitsas to how many agencies you can work with, most insurance companies willonly allow you to sell their products through one or two...
