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...
by cdaaccounting | Jun 2, 2022 | Business
This expense appears on the income statement and is increased by the amount of the receivable that will not be collected (debt owed to your CDA business that will not be paid). When this expense is created, a contra-asset to accounts receivable is also created called...
by cdaaccounting | Jun 1, 2022 | Business
One of the rules that the securities exchange commission SEC has issued is that the financial statements of public companies must be examined by an independent public accountant through the process of an audit. This rule means that a Coeur d’Alene accountant,...
by cdaaccounting | Jun 1, 2022 | Business
Tax law refers to your individual net income as “adjusted gross income (AGI).” If you operate your Coeur d’Alene business as an S corporation, your AGI includes your net gain or loss from your S corporation. If you operate your Coeur d’Alene business as a...
by cdaaccounting | Jun 1, 2022 | Business
No matter how frequently or infrequently you do your Coeur d’Alene business is posting, run a monthly total at month end, even though it may not be a full five or seven days since your last regular posting. Don’t let a posting period get skipped by a month. You...
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