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
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...
by cdaaccounting | Jun 1, 2022 | Business
The process of spreading the historical cost of a long-term asset over its useful life. In order to determine this amount, management must make an assumption of the life of the long-term assets. The historical cost is then spread evenly over this life expectancy. When...
by cdaaccounting | Jun 1, 2022 | Business
Starting a company in Coeur d’Alene is hard enough, but now you must track all of your sales, expenses, inventory, payrolls and taxes. If you use and are comfortable with spreadsheets, spreadsheets software can easily be set up as a basic set of financial...
by cdaaccounting | Jun 1, 2022 | Business
Instead of setting up a credit ledger for your Coeur d’Alene business, keep copies of your credit sales invoice s in an “unpaid” file. When you receive payment, pull the invoice from the unpaid fire, record the income, a file the invoice with your other paid...
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