When you’re old enough, FICA funds collected from those still in the workforce will pay your benefits. FICA, the Federal Insurance Contributions Act, refers to the...
Category - Bookkeeping
In business, the markup is the price spread between the cost to produce a good or service and its selling price. In order to ensure a profit and recover the costs to...
Let’s go back to Netflix to determine if it had a margin of safety following its stock price dive. Netflix’s current P/E is 18, but you believe the P/E ratio will...
A consistent, repeatable month-end close process is key to successfully closing the books each month. Establish a standard procedure to ensure accuracy in financial...
The Post Closing Trial Balance serves as a helpful effective tool in achieving that. Keeping proper financial records is time-intensive and small mistakes can be costly...