par sinitech | Juin 23, 2025 | Bookkeeping
7% long-term capital gains tax on profits above the state’s standard deduction. An additional 2.9% tax applies to gains that exceed the exclusion by $1 million. If you live and work in the same state, you probably need to file only one state return each year....
par sinitech | Fév 20, 2024 | Bookkeeping
We shall take the total raw material and labor cost for raw material as purchase cost, which is 32,33,230 + 18,88,990, which equals 51,22,220. XYZ, a newly listed company unearned revenue on the stock exchange, has reported below the income statement. From the below...
par sinitech | Juin 26, 2023 | Bookkeeping
But they aren’t an asset, so you’ll find them recorded as ‘equity’ on a company balance sheet. Though you’ll find them recorded on the ‘liability’ side of your balance sheet, retained earnings are actually a key indicator of your business’s sound financial standing....
par sinitech | Avr 21, 2023 | Bookkeeping
For example, when a nonprofit buys equipment or property, these assets are managed differently than in a business setting. Each has its own rules and reporting requirements you need to adhere to. By the end of this guide, you’ll have the skills to confidently manage...
par sinitech | Mar 13, 2023 | Bookkeeping
Understanding the distinction between temporary accounts and permanent accounts and managing them accordingly is crucial to accurate accounting processes. Some of these accounts include cash, accountsreceivable, inventory, notes payable, accounts payable, andcustomer...
par sinitech | Déc 8, 2022 | Bookkeeping
Since $36 divided by 9 equals 4, this could mean that there was a transposition error. Even though this error seems small, writing an expense amount of “$3,678” instead of “$6,378” can throw off your entire finances. Pivot tables are a powerful and versatile tool for...
