Introduction: The Financial Accounting Standards Board (FASB) on August, 17, 2010 released their “exposure draft” requiring companies to record nearly all leases on their balance sheets as a “right to use” asset, and a corresponding “future lease payment – liability”. What does this mean to your business in layman terms? […]
Finance
The reality is money comes and goes; what is more important is how you handle your funds. Long time ago when I was learning how money works; the rule of 72 was an eye opener. The rule of 72 is a simple way to determine how long it takes your […]
Preparing for a financial emergency is often something difficult to do. Many people simply do not even think about what could happen since they are living day by day just trying to make it. Having an emergency plan, though, will help to prevent trouble when something does happen. An emergency […]
Not many years ago, accountant supply lists involved items such as ledgers, stamps with inkpads, and a very large cup of sharp pencils. Today, accountant supply lists are much different. Computer First and foremost, the most important accountant supply to purchase is a computer. This is a given in nearly […]