July 01, 2022
Charles Lutwidge
Debt Service Coverage Ratio (DSCR) Meaning
The debt service coverage ratio (DSCR) is a critical term for small business owners and individuals. DSCR indicates the ability of a company, business, or government to repay its debts. However, the ratio is more commonly used in the business...
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June 30, 2022
Charles Lutwidge
What is Accountancy: The Basics and Explanation
You may have come across two different concepts, such as accountancy and accounting. Is it the same term? Or these two concepts have different definitions. Check out the article to find out. Understanding Accountancy Accountancy is a process of managing...
June 29, 2022
Charles Lutwidge
Biweekly vs Semimonthly Payroll
Choosing a payroll schedule may be confusing. Every system has benefits and flaws, which doesn’t make it easier to make up one’s mind. Keep reading the article to learn about two payroll schedules: biweekly and semimonthly payrolls. Hopefully, the article...
June 23, 2022
Charles Lutwidge
Noncumulative Preferred Stock Definition
Investors know that buying a company’s stock leads to getting dividends. Moreover, buying the stock of a promising company can lead to an increase in the stock price in the future. As a result, the investor may get a good...
June 22, 2022
Charles Lutwidge
What Is Obsolete Inventory?
If you own a business with an inventory, the most critical thing is to maintain it properly. Without keeping an eye on the inventory, it may become obsolete. This article focuses on obsolete inventory and ways of treating it. Understanding...
June 17, 2022
Charles Lutwidge
What Does Paid In Arrears Mean
Small business owners have to deal with multiple various tasks. One of the most important tasks is handling finances. Such aspects as paying for rent and utilities, taking care of payroll, and properly maintaining inventory are just some of the...
June 16, 2022
Charles Lutwidge
How to Keep Track of Business Expenses and why it’s Important?
Having a business is fun since you get to make your dreams come true. But it also leads to responsibilities. Business owners have to file taxes, pay salaries and wages, keep documentation in order, and at the same time improve...
June 15, 2022
Charles Lutwidge
What is IRS Form 1040
1040 is an IRS (Internal Revenue Service) form. The IRS sends it to individual taxpayers to file their annual income tax returns. The form consists of sections that request individuals to disclose their taxable income gained during a specific year....
