Category: Bookkeeping

How Do You Calculate a Cap Rate on a Rental Property?

By Sid Laymes

Content Going-in Cap Rate How to Value Sweat Equity in an Existing Small Business What is a Good Cap Rate, and Why is it Important? What Is A Good Cap Rate & How To Calculate It What Is A Good Cap Rate For Rental Property? Real Estate Modeling Course The net operating income formula calculates…

How to Do Bookkeeping for Construction Chron com

By Emi Goh

Content Contractor Client Testimonials for Giersch Group Bookkeeping & Consulting Services Contract Retainage Project-Based Project based vs product or service based Tip 1: Record all details about payments and invoices However, it’s important to recognize that it can also provide the least accurate depiction of your financial health! Cost of goods sold and overhead costs…

What Is Accounting?

By Emi Goh

Accountants also provide other services, such as performing periodic audits or preparing ad-hoc management reports. The primary output of the financial accounting system is the annual financial statement. The three most common components of a financial statement are the balance sheet, the income statement, and the statement of cash flows. In some jurisdictions, summary financial…

Construction Contracts: Measuring Revenues, Expenses and COGS

By Sid Laymes

Content Record Accumulated Depreciation Adjustment Company How to Account for Fixed Assets with GAAP Assets under Construction (AuC) Impairment of Assets Depreciation Expense Account Vs. Allowance for a Depreciation Account Tired of managing your project costs in complex and time-consuming Excel Spreadsheets? With the project being only 25% complete, you can calculate your profit share…

What Costs Are Included In Property, Plant, & Equipment?

By Emi Goh

Content How to Delete an Account in Outlook 13 What is Accounts Receivable Collection Period? (Definition, Formula, and Example) 2.13    Asset Progress Vs. Process Chief financial officer to maintain these records and avoid costly accounting errors. Transaction by typing the transaction code ZAAVALAS in the T-code Command box. His report displays the value of unplanned…

How to Do Bookkeeping: Basics Every Small Business Owner Needs to Know

By Sid Laymes

Content A mobile app for tax time Keep your business and personal finances separate FreshBooks What Do Small Business Accounting Websites Do? Bookkeeping for a small business – what do they entail? You can use it to snap and store receipts for expenses, track your income and expenses, and more. When sales start rolling in,…