If depreciation expense is known, capital expenditure can be calculated and included as a cash outflow under cash flow from investing in the cash flow statement. The most liquid of all assets, cash, appears on the first line of the balance sheet. Companies will generally disclose what equivalents it includes in the footnotes to the […]

We also put in place a dedicated technical division responsible for site performance and issue resolution. A critical factor in attaining these objectives is the early consideration of operations and maintenance (O&M) and asset management. Neglecting these elements in financial modeling, or failing to think strategically about the maintenance plan over the life of the […]

These taxes are paid to local governments such as counties, cities, and school districts. The lowest rate of 4% applies to the first $8,500 of taxable income for single filers and the first $17,150 for taxpayers who are married filing jointly. The highest rate of 10.90% is applicable to incomes exceeding $25 million for taxpayers who […]

What this answer means is that XYZ Corporation has to produce and sell 50,000 widgets to cover their total expenses, fixed and variable. At this level of sales, they will make no profit but will just break even. For example, if you raise the price of a product, you’d have to sell fewer items, but it […]

Our support team is here to make switching to FreshBooks from any other software (even spreadsheets) super easy, with no interruptions to your business. FreshBooks doesn’t offer bank reconciliation with its least expensive option, FreshBooks Lite. And while the software automatically suggests some transaction matches for you during the reconciliation process, you cannot create your […]