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Financial Memos

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ARTICLES

Accrued Rent Income

Accrued Rent Income – Example With Journal Entries

When earned revenue is reported is an important accounting principle.

When is Earned Revenue Reported?

Do you pay income tax on drawings from a business?

Do You Pay Tax on Drawings From a Business?

Contingent assets are possible assets contingent on future events taking place.

Contingent Asset Accounting and Analysis

Accrued revenue is income that has been earned but not yet billed or received.

Accrued Revenue Accounting and Journal Entries

Accrued expenses are balance day adjustments for expenses incurred but not yet paid.

Accrued Expense Accounting and Journal Entries

Prepayments are for goods and services paid in advance and yet to be delivered.

Prepayments Occur When Payments Are In Advance

Sunday, January 24, 2021

Category: Entrepreneurship

5 Awesome Ways for CPAs to Market Themselves Online
Accounting Blog Entrepreneurship

5 Awesome Ways for CPAs to Market Themselves Online

January 12, 2013

Are you able to file corporate taxes for your clients in your sleep but struggling with ways to market your accounting firm or convert your web traffic? Don’t feel bad. … Read More

Comment on 5 Awesome Ways for CPAs to Market Themselves Online
Eight things you can do when your company runs out of cash
Accounting Entrepreneurship

Eight things you can do when your company runs out of cash

January 5, 2013

You spent a lot of time and energy planning and organizing but you forgot to make a plan for one thing. What happens if things go wrong? What can you … Read More

featuredliquidity squeezerun out of cash Comment on Eight things you can do when your company runs out of cash
Top Five dot com failures
Blog Entrepreneurship Finance

Top Five dot com failures

December 29, 2012

Internet is always full of surprises. You can have success stories like linkedin, ebay, amazon and facebook you can also have a lot of online businesses that went bust early. … Read More

business failuresdot cominternet failuresstart-up failures Comment on Top Five dot com failures
6 Things you should consider before exporting
Accounting Blog Entrepreneurship

6 Things you should consider before exporting

December 29, 2012

It is true that expanding your business is tempting. It can help you expand and diversify your operations and your income and hedge against the risk that operations in a single … Read More

Comment on 6 Things you should consider before exporting
12 of the most common investing misconceptions
Blog Entrepreneurship Finance Personal Finance

12 of the most common investing misconceptions

December 28, 2012

The bad thing with the most common investing misconceptions is that they are sometimes “promoted” by professionals. It is always up to you to question any advice you are given … Read More

featuredfinanceinvestment misconceptionsinvestments Comment on 12 of the most common investing misconceptions

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  • When is Earned Revenue Reported?
  • Debt Free Affirmations – For Each Day of the Month
  • Do You Pay Tax on Drawings From a Business?
  • Cryptocurrency Mining – My Side-hustle Project
  • Contingent Asset Accounting and Analysis
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