Bookkeeping Archives - Green Energy Home Deals

ACH vs wire transfer: Whats the difference? ACH vs. wire transfers When to use each

Knowing these nuances can give you more confidence in the ACH system and help you understand a viable and convenient backup option to send money online. ACH payments that are unauthorized may be returned within 60 days, while other returns for insufficient funds or account issues occur within a few days. Voluntary refunds must be […]

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What is a Stale Check? Example Solution

Bookkeeping / Raja Rehan

The other parties involved in the case of cheques are endorser – the one transferring his right for payment to another, and endorsee – the one to whom the right is conferred. In this article, you will get to know the difference between stale cheque and post-dated cheque. As the issuer, we will be able

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Times Interest Earned Ratio What Is It, Formula

Bookkeeping / Raja Rehan

Times Interest Earned (TIE) is a crucial financial indicator that offers valuable insights into a company’s financial stability by evaluating its capability to fulfill interest payments on outstanding debt obligations. The TIE ratio is a vital tool in risk assessments, helping stakeholders identify potential financial risks. For instance, companies with low TIE ratios are at

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Balance Sheet Presentation Formats CFA Level 1

Bookkeeping / Raja Rehan

For example, the owner of a $200,000 house with a $75,000 mortgage loan is said to have equity of $125,000. Often a 1% or 2% reduction in the amount owed if an invoice is paid within 10 days of the invoice date instead of the customary 30 days. Get access to quizzes, exams, progress tracking,

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Understanding Double Declining Balance Depreciation

Bookkeeping / Raja Rehan

However, if the company later goes on to sell that asset for more than its value on the company’s books, it must pay taxes on the difference as a capital gain. What it paid to acquire the asset — to some ultimate salvage value over a set period of years (considered the useful life of

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