Is a security deposit a current asset?

However, in most circumstances, the lessor will pay the lessee back for the amount. Before that, though, the lessor will evaluate the condition of the underlying asset. Usually, it involves looking at the difference between how it was before and after the lease period. Once the lessor does so, they may find some damages to … Leer más.

What Is a Bank Reconciliation Statement, and How Is It Done?

If you commonly make deposits into your account, you’ll want to compare your bank account deposit totals to those listed in your general ledger. Remember, banks make mistakes, too, with transposition errors common. Most business owners receive a bank statement, either online or in the mail, at the end of the month. Most business accounts … Leer más.

What Is The Gross Margin Ratio?

Gross profit margin is the first of the three major profitability ratios. Consider the gross margin ratio for McDonald’s at the end of 2016 was 41.4%. The ratio for the Bank of America Corporation at the end of 2016 was 97.8%. Comparing these two ratios will not provide any meaningful insight into how profitable McDonalds … Leer más.

Accumulated Other Comprehensive Income AOCI Overview, Breakdown

Financial statements, including those showing comprehensive income, only portray activity from a certain period or specific time. Comprehensive income combines net and unrealized income to provide a complete picture of a company’s overall value by accounting for unrealized earnings and losses. OCI consists of revenues, expenses, gains, and losses that a firm recognizes but which … Leer más.

When Are Delaware LLC Taxes Due? DE Franchise Tax Guide

You will pay tax to the state on that income on your individual state tax return. The tax rate will depend on your overall taxable income that year. When paying the annual report fee, corporations are sorted into two categories. Your Delaware franchise tax due date depends on the type of business you own. Even … Leer más.

Premier Accounting Firm in Atlanta, Georgia Meet Our Team Page

It can be a balancing act of optimizing the service level that our clients need, so we consistently check in on what our clients are doing and how we can better serve them. Our accounting services are part of our more complex, advisory services. We’re not just keeping your financials organized, but also taking the … Leer más.

Debt to Equity D

In our debt-to-equity ratio (D/E) modeling exercise, we’ll forecast a hypothetical company’s balance sheet for five years. By contrast, higher D/E ratios imply the company’s operations depend more what is the margin of error and how to reduce it in your survey on debt capital – which means creditors have greater claims on the assets … Leer más.

Does your nonprofit need to have an independent audit?

The type of audit your organization conducts will depend on the size and complexity of your nonprofit and its specific needs. After you’ve reviewed the audit report, it’s time to implement any changes or improvements that have been suggested. This could involve updating your policies and procedures, increasing internal controls, or instituting new processes. Before … Leer más.