The information ratio (IR) is a measurement of portfolio returns beyond the returns of a benchmark, usually an index, compared to the volatility of those returns. The benchmark used is typically an index that represents the market or a particular sector or industry. Statistics Canada maintains a very thorough library of financial performance data relevant…
Continue ReadingThen, add any non-operating income, such as interest, and subtract any interest you pay on debts, as well as income taxes paid by the business. Net income represents a company’s overall profitability after all expenses and costs have been deducted from total revenue. Net income also includes any other types of income that a company…
Continue ReadingThe premium or discount is amortized, or spread out, on financial statements over the life of the bond. The carrying value of a bond is the net difference between the face value and any unamortized portion of the premium or discount. Accountants use this calculation to record on financial statements the profit or loss the…
Continue ReadingContent Certified Bookkeeper Why is eBetterBooks Better Than Your Local Bookkeeper? Company Check out our bookkeeping services. Linda Rost’s Better Bookkeepers – San Jose QuickBooks Training, Setup, Bookkeeper Accounting is a vast field, whereas Bookkeeping is its small fragment. Accounting looks after your business’ financial tasks by summarising, interpreting, communicating financial transactions, and helps in…
Continue ReadingContent Notes Payable Dictionary Entries Near note payable How to Adjust Entries on a Trial Balance for Note Payable Invoice processing (receipt and matching) What is Notes Payable? Notes Payable definition In this article, we define notes payable, discuss how it differs from accounts payable and offer practical examples. Business owners record notes payable as…
Continue ReadingWith the necessity to adhere to accounting standards and regulations, accounting software stands as a bulwark of financial compliance. By integrating various accounting functions within a unified software environment, it ensures alignment with standards and regulations. This proactive approach safeguards businesses from compliance pitfalls, fostering transparency and accountability. Alternatives to Small Business Accounting Software Advanced…
Continue ReadingShe closely assesses the job-related characteristics of all her people and helps them develop their talents into strengths that sell. For example, a call center director decides that the right outcome is increased sales. Many call center directors would likely take this approach. It is also helpful to write down the steps necessary to achieve…
Continue ReadingThe Income Summary balance is ultimately closed to the capital account. The T-account summary for Printing Plus after closing entries are journalized is presented in Figure 5.7. Let’s explore each entry in more detail using Printing Plus’s information from Analyzing and Recording Transactions and The Adjustment Process as our example. The Printing Plus adjusted trial…
Continue ReadingContent Auto Expenses What Can Be Written off as Business Expenses? Deduction for Income Above Annual Threshold Business property rent Foreign earned income exclusion Moving Expenses home business tax deductions for your small business This number is based on the percentage of time you use the vehicle for driving. If you were unable to claim…
Continue ReadingContent Preparing for Litigation Everything You Need to Know about Big 4 Accounting Firms Family Law What should I consider when deciding which Forensic Accountant to Hire? Depending on the client being represented and the nature of the trial, the work and responsibility can be distinctly different. For example, working on a personal divorce versus…
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