Category Archives: Bookkeeping

Progressive Tax TaxEDU Glossary

Progressive taxes, however, treat the rich and poor differently, which is also unfair. There are graduated tax brackets, with rates ranging from 10% to 37%. Progressive taxes impose low tax rates on low-income earners and higher rates on those with higher incomes, while individuals are charged the same tax rate regardless of how much income […]

Cash Flow from Financing Activities CFF: Formula and Calculations

In other words, such assets are expected to deliver value and benefits in the long run. Similarly, the statement of cash flow portrays the company’s net cash flow for a certain financial period. These financial statements systematically present the financial performance of the company throughout the year. Cash flow statement FAQs Her areas of expertise […]

B C.’s flawed reconciliation harms businesses: GOABC Business in Vancouver

In addition, limited automation in reconciliation processes themselves can result in manual, error-prone workflows. Reconciling accruals involves comparing the figure in the accounts to any invoices or other documents relating to the transaction, such as a purchase order or delivery note. This is done to ensure that all entries in the financial accounts are accurate […]