What Credit CR and Debit DR Mean on a Balance Sheet

Credit entries will also decrease the debit balances usually found in asset and expense accounts. Another interpretation of urine creatinine count is called the albumin/creatinine ratio. Healthy kidneys generally don’t filter it out of the blood, so there should be little to no albumin found in the urine. Results lower than the typical range for…

How to Record a Prepaid Expense

Content Prepaid Rent: Retainer for Legal Services What are the most common accounting issues for prepaid rent? An example of accounting for variable/contingent rent Where does prepaid rent go on the chart of accounts? Journal entry for prepaid rent as an asset What is Accounts Receivable Collection Period? (Definition, Formula, and Example) Under ASC 842,…

Guide to Merchant Account Fees

Content What’s the best way to accept credit cards? Incidental fees Merchant Account Fees: What They Are and How to Reduce Them What Are the Benefits of a Merchant Account? Common Merchant Account Fees For Small Business Acquirer and processor fees are the main components of a comprehensive per-transaction fee. At Corepay, we can accommodate…

Mastercare Flooring Salary for Full Charge Bookkeeper

Content General Provisions for Selected Items of Cost Subpart C—Pre-Federal Award Requirements and Contents of Federal Awards How To Setup A Successful Virtual Accounting Team Do I need accounting software for my small business? Client doesn’t have to provide benefits Management Consulting It gives one user access, enabling them to manage clients and invoices, create…

What Makes a Great CFO? 3 Traits of a Successful CFO

Large companies typically employ CFOs, while small and midsize companies typically employ finance directors. In small businesses, the company’s finance director oversees all the financial operations and reports directly to the owner of the business. Finance directors — also called vice presidents of finance — have similar responsibilities to a CFO, but they are generally…

Coupon Rate Definition

Content Definition and Examples of a Coupon Rate What does Coupon Rate mean? Bond Tips Mutual Funds and Mutual Fund Investing – Fidelity Investments The value of your investment will fluctuate over time, and you may gain or lose money. Also referred to as the nominal rate or the stated interest rate. My Accounting Course…

Formula: How to Calculate Cost of Debt

Debt is one part of a company’s capital structure, which also includes equity. Capital structure deals with how a firm finances its overall operations and growth through different sources of funds, which may include debt such as bonds or loans. The debt cost is an important financial concept for valuations, merger activity, acquisitions activity, and…