Essentially, payroll-related accounts include a mixture of expenses and liabilities. Employee compensation (expense) Employer taxes and insurance (expense...

Should Replacement Reserves be Included in NOI? Conventional wisdom says no, replacement reserves should not be included in the NOI calculation. Additiona...

The GAAP prohibits direct write-off because it doesn’t conform to the matching principle, which requires that every transaction affecting one account, suc...

Calculate Percentage Decrease: First, work out the difference (decrease) between the two numbers you are comparing. Next, divide the decrease by the origi...

In the context of credit cards, delinquent accounts are those that have not made at least a minimum payment for 30 days or more. Credit card companies man...

Since drawings are used by the businessman for personal purposes it is a personal account. Is drawing asset or liability? Drawing is neither an asset or l...

Mississippi has been so well-known for having great hospitality, they decided to give the state a nickname based on this! The Mississippi Coat of Arms is ...

An entrepreneur is someone who manages a business. An entrepreneur is someone who creates a business and potentially makes money and runs the business. An...

Here are some of the Bay Colony’s most famous movers and shakers, some of whom did a little too much shaking and were compelled to move. John Winthrop. Wi...

How to calculate your break-even point When determining a break-even point based on sales dollars: Divide the fixed costs by the contribution margin. Brea...