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The partial sinking fund schedule for the third year is shown in the table above. ACFA contributed $35,979.92 to the fund and earned total interest of $3,943.58. Your sinking funds are something you set aside in addition to your emergency fund. “The sinking fund for your insurance premiums is probably […]

A sinking fund is established so the company can contribute to the fund in the years leading up to the bond’smaturity. Keep in mind, it may take a couple of days for the transfer to be completed, so you should plan ahead to have the money available in time. Or […]

A sinking fund is established so the company can contribute to the fund in the years leading up to the bond’smaturity. Keep in mind, it may take a couple of days for the transfer to be completed, so you should plan ahead to have the money available in time. Or […]

After all, the company may be in good shape today, but it is difficult to predict how much spare cash a company will have in 10 years’ time. The bonds are embedded with a call option giving the issuer the right to “call” or buy back the bonds. Good credit ratings […]

After all, the company may be in good shape today, but it is difficult to predict how much spare cash a company will have in 10 years’ time. The bonds are embedded with a call option giving the issuer the right to “call” or buy back the bonds. Good credit ratings […]

It ignores transactions that haven’t involved actual cash, leading to an incomplete understanding of overall profitability and financial position. Cash basis accounting doesn’t consider accounts receivable or accounts disposal of fixed assets: how to record the journal entry payable. Invoices sent to customers or bills received from suppliers are not […]

There are logical reasons, such as company size and budget, that might lead a business to prefer one system over the other. If you are unsure which approach is best for your business, it may be a good idea to seek professional advice to determine if your company should use […]

This was good though, because after the stroke, the doctors thought she’d never walk or speak clearly again. After his dad died, they had become best friends as they grieved together. She lived alone in her own home for many years thereafter, but those days were over according to her […]

QuickBooks Online’s biggest advantage is its ability to be accessed from anywhere with an internet-enabled device. Learn about all the differences in our comparison of QuickBooks Online vs Desktop. The ability to send invoices and manage and track unpaid bills is important for small business and freelancers. All QuickBooks Online […]

QuickBooks Online is one of the company’s most popular accounting software choices for small-business owners. QuickBooks Online pricing is based on a monthly subscription model, and each plan includes a specific number of users. First-time QuickBooks Online users can typically receive a free 30-day trial or a discount for the […]