A solid financial plan is highly individualized to reflect the unique circumstances each person brings - the plan unites both needs and wants for one's future. If a client's bucket list involved a trip abroad, you likely wouldn't advise them to head to the airport without any plans. They...
Pro forma financials are not computed usinggenerally accepted accounting principles(GAAP) and usually leave out one-time expenses that are not part of normal company operations, such as restructuring costs following amerger. Essentially, a pro forma financial statement can exclude anything a company be...
The statement of retained earnings is a financial statement that corporations prepare detailing changes in the volume of retained earnings over a certain period. Retained earnings are profits a company holds in reserve in order to invest in future projects rather than distribute as dividends to shareh...
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An order consists of multiple requests for the same item. Several orders from different customers are shipped to the same address. The billing and shipping address don’t match. A customer asks you to change the shipping address after the order has been paid for. ...
Each of these categories has different requirements and limitations on the amount you can deduct. Preparing the Schedule A When you prepare the Schedule A, you do not have to complete every line or include expenses in each category; just those that you are eligible to claim. Although many ...
While you may use a personal account to get your idea off the ground, it's important to know when to open a business account and how to use it. Here, we'll answer your questions: What is a business account, what are the benefits of opening one, and what are the different types of...
Sometimes, a busy client simply needs a more obvious reminder to pay you. An effective way to do this visually might be sending an ‘overdue’ invoice. Print or digitally prepare the same invoice again, adding an ‘overdue’ stamp or watermark to the page. If any late fees apply, as not...
Steps to prepare for closing on a house For homebuyers, there are many tasks to complete during the closing phase. At the same time, many steps are simultaneously handled by your lender and your real estate agent, who help coordinate with the proper parties. Here’s what you need to do ...
How to prepare a cash flow statement There are two core ways to prepare a cash flow statement: the direct method and the indirect method. Both are accepted by generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS). No matter which method you choose...