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
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
Tax law allows the most common accounting methods for computing your Coeur d’Alene business’s taxable income. Scenario Let’s say you completed a job for a client in December and billed them in December. However, the client did not pay until January. Should you...
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