by cdaaccounting | Jun 2, 2022 | Business
Expenses represent the cost of doing business. There are no limits to what this includes as long as it is an expense that relates to your Coeur d’Alene business and is necessary. Example of cost include: Accounting expenditures Depreciation of fixed assets...
by cdaaccounting | Jun 2, 2022 | Business
Long-term assets also called non-current assets are not expected to be converted to cash or totally use up in a year or less period. Rather they are expected to be of value to the Coeur d’Alene company for more than a year. Long-term assets would include things...
by cdaaccounting | Jun 2, 2022 | Business
An ordinary expense is one that is common in your trade or Coeur d’Alene business. A necessary expense is one that is useful and appropriate for your trade or Coeur d’Alene business. The two biggest reasons why you might lose a business expense deduction...
by cdaaccounting | Jun 2, 2022 | Business
A book containing a page or more for every account in the Coeur d’Alene business. After a transaction is recorded in the general journal, the components are then transferred or posted to the individual accounts in the general ledger. Thus, at any time someone...
by cdaaccounting | Jun 2, 2022 | Business
Intangible assets are assets that cannot be physically touched. They must still meet the three-part test in order to be listed on the balance sheet as an asset, however, they do not have any tangible characteristics. Do you know what intangible assets you have at your...
by cdaaccounting | Jun 2, 2022 | Business
Expenditures are the spending of cash in your Coeur d’Alene business. All expenses are expenditures, but not all expenditures are necessarily expenses. Only expenditures that immediately generate revenue are considered expenses. When expenditures are made for...
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