Locate the "Liabilities" section on the bottom half of the balance sheet. Look at the first line titled "Accounts payable and accrued expenses" to find the business's current expenses. This line represents money that should be spent in the very short-term. Check the "Total current liabilities...
it’s best to go back to basics with a phone call. Not only will this get your customer’s attention, but it can also help you better understand why their payment is late. The more you know about the challenges they’re facing, the more likely you’ll be able to help find a soluti...
track of what your total expenses were during the month. If you have considerable expenses, use a sum formula to track them. For example, you can enter the amount of each phone call in cell B9 and then add the sum to each cell in cell B5 to calculate the total phone bill over time...
5 Best Blue-Chip Dividend Stocks These five blue-chip dividend stocks provide reliable income and the potential for growth. Glenn FydenkevezJan. 17, 2025 Know Before Investing in a Restaurant If you are interested in backing a chef or restaurant operator, here are some helpful tips. ...
Alternative investments can further complicate your taxes by requiring additional forms. You also have less control over your total capital gains because the fund manager can sell assets at any time. These assets can outperform stocks and bonds, but it's still possible for alternatives to underperfo...
Learnhow to prioritize your savings goalsto gain a clear idea of how to allocate your savings. After your expenses and income, your goals are likely to have the biggest impact on how you allocate your savings. For example, a common budgeting question is whether to pay down debt, save or ...
Made a mistake or missed a deduction? Learn how to amend a tax return with our step-by-step guide. Find out how to use Form 1040-X to correct your return and claim missed credits.
Wondering how to file 1099-NEC? If you're an independent contractor receiving this form, learn the steps to report your income properly, especially if your annual payments total $400 or more.
of individuals in a household. They include the amounts paid for lodging, food consumed at home, utilities, clothing, and other costs. The sum of all theexpensesis then divided by the number of family members residing in the house in order to find each member's share of the total ...
The housing expense ratio divides a borrower’s total housing expenses by their gross monthly income, which is your income before taxes have been deducted. A ratio of approximately 28% or less is usually ideal to be considered for approval. The housing expense ratio is also known as thefront-...