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Revenue that has not yet been received for goods or services already rendered may be documented as Accrued Revenue.
Accrual accounting allows a business to put the payments due to it for good and services already rendered into the Assets column of its books. If no invoice or payment plan is established, it sits in the Accrued Revenue line; if so, the item goes into Accounts Receivable.
Accrual accounting is different than cash accounting in this regard: cash accounting will only make an entry on the books when cash or goods are exchanged. Accrual accounting is actually mandatory for publicly traded companies with revenues over $5 million who are based in the US, per SEC regulations.
Currently, in order to contribute to an ESA at all, you and your spouse must make less than $220,000 per year (combined)
The main difference is that Roth contributions go in after tax and are not taxed on withdrawal
As of 2016, if you are under 50 years old, you are allowed to contribute $5,500 a year to your Roth IRA
Depreciation is the accounting practice of recording the decreasing value of a fixed asset, such as a building
Current Assets are items on a balance sheet that are either cash or are going to be cash in the near future
Adjusted Gross Margin accounts for the cost of maintaining inventory, which regular Gross Margin does not
Bad credit implies that an individual or business has a low credit score or rating. Credit histories are reported and...
Tangible Net Worth is another word for Book Value or Net Asset Value. Only the tangible assets and cash are included
EBITDA is used as a ballpark figure for where the company’s earnings are without these expenses. EBITDA has no standard
The Falling Wedge pattern forms when prices appear to spiral downward, with lower lows and lower highs