How Are the Federal Funds, Prime, and LIBOR Rates Related?
These growing costs can strain federal budgets, limiting the ability to invest in other priorities and potentially widening budget deficits over time. For example, if the prime rate is 2.75% and the bank adds a…
(read more)Reconciling Account Overview, Process, How It Works
In doing so, the business can effectively manage cash flow, ensuring timely payment of bills, and collection of receivables. It involves reviewing the general ledger to confirm that all entries and balances are correct. On…
(read more)Podsumowanie rynku zbóż Ile kosztowała pszenica w 2022 r.?
I bardzo duży napływ ziarna z Ukrainy również tzw. Zboża technicznego, które spowodowało, że rolnicy zaczęli protestować. Tona pszenicy konsumpcyjnej kosztowała od 1390 do 1530 zł/t netto, pszenica paszowa od 1300 do 1450 zł. Owszem…
(read more)Outsourced accounting: What are the benefits for businesses, and how does it work?
We are the trusted, independent resource for businesses of all sizes to explore, initiate, and embed outsourcing into their operations. FreshBooks comes with 2 basic plans to meet the needs of different business types and…
(read more)Advantages and disadvantages of devaluation
Additionally, inflation can lead to higher input costs for export which makes a nation's exports less competitive in global markets, which widens the trade deficit and causes the currency to depreciate. The first type of trader is looking to make…
(read more)Submit e-filed returns
Extended hours (9am to 7pm) are January 2-31 (weekdays; regular hours on January 15) and December 2-30 (weekdays). See how GoSystem Tax RS provides a sophisticated web-based system that provides the power to handle your most complex…
(read more)Professional income tax software GoSystem Tax RS Thomson Reuters
GoSystem Tax RS from Thomson Reuters is part of the CS Professional Suite of applications designed for accounting professionals and corporate tax departments alike. GoSystem Tax RS is well suited for firms preparing multitiered consolidated…
(read more)Accounting 101: A guide for Amazon merchants
Your chart of accounts is a list of categories your business can use to differentiate your financial transactions. It offers an overview of every area of your business that spends or makes money. Bench simplifies…
(read more)How to Create & Sell Your First NFT: A Step-by-Step Guide
It is not necessary to use a marketplace to create an NFT, as you can also create your smart contract to deploy your NFT into the blockchain of your choice and mint. However, it is…
(read more)Accounting for Intangible Assets: Amortization & Useful Life
Materiality refers to the significance of an amount, transaction, or discrepancy. If the patent costs are substantial relative to the company’s overall financial position, capitalizing them can prevent a sudden impact on the income statement,…
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