par PierrickF | Oct 5, 2023 | Bookkeeping
Working capital, also called net working capital (NWC), is an accounting formula that is calculated by subtracting a business’s current liabilities from its current assets. These assets include cash, customers’ unpaid bills, finished goods, and raw materials....
par Adrien Manavella | Oct 4, 2023 | Bookkeeping
Working capital is the money a business can quickly tap into to meet day-to-day financial obligations such as salaries, rent, and office overheads. Tracking it is key, since you need to know that you have enough cash at your fingertips to cover your costs and...
par Adrien Manavella | Oct 5, 2022 | Bookkeeping
The double-declining balance (DDB) method is a type of declining balance method that instead uses double the normal depreciation rate. The two most common accelerated depreciation methods are double-declining balance and the sum of the years’ digits....
par PierrickF | Oct 5, 2022 | Bookkeeping
And the rate of depreciation is defined according to the estimated pattern of an asset’s use over its useful life. Double declining balance depreciation is an accelerated depreciation method that charges twice the rate of straight-line deprecation on the...
par Adrien Manavella | Juil 29, 2022 | Bookkeeping
Unlike an individual report, this copy will not include your personal information. Instead, potential buyers will just be able to see the claims history over the last five years. Insurers view people who have filed claims in the past as more likely to file again in...
par PierrickF | Juil 28, 2022 | Bookkeeping
Comprehensive insurance will cover your vehicle if destroyed by a tornado, dented by a run-in with a deer, spray-painted by a vandal, damaged by a break-in, or crushed by a collapsing garage, among other causes. The statement of comprehensive income displays both net...
