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Accounting / April 20, 2018 / Holly Mercer

Because leases are legally binding agreements, your landlord can take legal action to recover back rent payments. In most cases, your landlord will win the lawsuit and a judge will...

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Accounting / August 3, 2018 / Sharon Hardin

A commercial lease agreement is a contract to rent retail, office, or industrial space between a landlord and tenant. The tenant pays a monthly amount to the landlord in return...

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Accounting / August 3, 2018 / Pearl Bailey

Here is one of the four most important reports lenders and investors want to see when evaluating the viability of your small business. It is also called a profit and...

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Accounting / August 3, 2018 / Khloe Santiago

A cash flow analysis is not the same as the business budget or profit and loss projection which are based on the Income Statement. However, for a small uncomplicated business...

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Accounting / August 3, 2018 / Collins Barber

Comprehensive Income The concept of comprehensive income, which is relatively new (1998), takes into consideration the effect of such items as foreign currency translations adjustments, minimum pension liability adjustments and...

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Accounting / August 3, 2018 / Pearl Bailey

As a refresher, a capital lease is one in which a lessee records the leased asset as if it purchased the asset using funding provided by the lessor. As a...

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Accounting / August 3, 2018 / Khloe Santiago

Reconciling an account often means proving or documenting that an account balance is correct. For example, we reconcile the balance in the general ledger account Cash in Checking to the...

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Accounting / August 3, 2018 / Holly Mercer

Under IFRS, there are two ways of presenting interest in the cash flow statement. Many companies present both the interest received and interest paid as operating cash flows. Others treat...

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