Category Archives: Bookkeeping

With access to real-time financial data from virtually anywhere, these technologies make collaboration easier and more efficient. When navigating the outsourcing vs. in-house accounting decision, Accario, an accounting outsourcing specialist with over 15 years of experience, emerges as a trusted partner. With a team of seasoned professionals, Accario offers cost-effective solutions, tailored services, and a […]

Your loan principal is the total amount that you originally borrow when you get a mortgage. Want to learn how to pay down your mortgage principal faster — and thus reduce your total interest costs? Pay $100 more toward your loan each month, or maybe you pay an extra $2,000 all at once when you […]

While credits increase liabilities and equity or decrease assets and expenses, debits either increase assets and expenses or decrease liabilities and equity. Every financial transaction is recorded in at least two accounts, with one account debited and the other credited. Each of these asset accounts has a normal debit balance, which means that an increase […]

Performing a VOB can also help you determine the amount that your patient’s insurance company will pay for the services they are seeking. To do this, you can call the patient’s insurance company provider using their account number to get a better idea of their benefits. As with any mental and behavioral health industry procedure, […]

Regardless of how contribution margin is expressed, it provides critical information for managers. Understanding how each product, good, or service contributes to the organization’s profitability allows managers to make decisions such as which product lines they should expand or which might be discontinued. When allocating scarce resources, the contribution margin will help them focus on […]

Regardless of how contribution margin is expressed, it provides critical information for managers. Understanding how each product, good, or service contributes to the organization’s profitability allows managers to make decisions such as which product lines they should expand or which might be discontinued. When allocating scarce resources, the contribution margin will help them focus on […]

The department will use tax year 2021 individual income tax or property tax refund returns to determine eligibility and distribute these tax rebate payments in the early fall. ST. PAUL, Minn. – The Minnesota Department https://turbo-tax.org/ of Revenue reminds homeowners and renters to file for their 2019 property tax refund before the August 15, 2021 […]

Let’s say you need to determine the depreciation of a delivery truck. It has a salvage value of $3,000, a depreciable base of $27,000, and a five-year useful life. When determining how to calculate straight-line depreciation, the formula shows that an asset depreciates by the same amount each year. The government encourages capital investment by […]

As Bloomberg reported in April, Apple has been holding discussions with ChatGPT maker OpenAI and Google to power an AI chatbot coming in an iOS 18 update. “It’s a model that has worked well for us historically, and we plan to continue along the same lines going forward,” Maestri said. While we didn’t expect to […]

Applying a model estimate to values outside of the realm of the original data is called extrapolation. Generally, a linear model is only an approximation of the real relationship between two variables. If we extrapolate, we are making an unreliable bet that the approximate how to write an annual report linear relationship will be valid […]