Bookkeeping

Bond Coupon Interest Rate: How It Affects Price

Understanding how to calculate coupon rate is fundamental, but it’s also crucial to differentiate it from the current yield. The coupon rate represents the bond’s fixed annual interest rate, expressed as a percentage of its face value. However, the current yield reflects the bond’s annual income relative to its current market price. This distinction is … Leer más

Delinquent Account Meaning & Credit Delinquency Explained

Specifically, your payment history (which includes making those on-time payments) represents 35 percent of your FICO score. The longer you delay paying your creditor or lender, the more likely your score will take a severe hit. Sometimes, it may be possible to remove a delinquent account from your credit report before the credit bureau eliminates … Leer más

How Credit Card Delinquency Works

This not only helps protect the customer relationship but also secures the business’s interests by reducing the risk of losing money through defaults. Still, just as there is a way to get into delinquency, there is a way to stop and ultimately escape it. Making one minimum payment stops the progression of delinquency and keeps … Leer más

QuickBooks vs Xero 2024: Which Software Is Better for You?

Entry-level plan limits bills and invoices to five and 20 per month, respectively. QuickBooks Online’s customer support is better than Xero’s since you can interact with an agent through a phone call. You can’t initiate a call, but you can submit a ticket and wait for an agent to call you. With QuickBooks, you’ll get … Leer más

QuickBooks vs Xero 2024: Which Software Is Better for You?

Businesses with inventory items should choose accounting software that can track inventory costs, manage cost of goods sold (COGS), and monitor inventory units. They’ll help you reconcile your bank and credit card statements and prepare dividend tax rate monthly reports. QuickBooks Online didn’t always have fixed asset accounting features, but they’ve been recently added to … Leer más

How to Create a Nonprofit Operating Budget + Free Template

Yet the uninterrupted running of core organizational activities is essential to the success of thriving community institutions. A small number of grants will be made to local nonprofits demonstrating the highest standards and principles in our community. Even the financially or programmatically smallest nonprofits—often operated entirely with volunteers — have their knowledge of costs spread … Leer más

How to Create a Nonprofit Operating Budget + Free Template

Yet the uninterrupted running of core organizational activities is essential to the success of thriving community institutions. A small number of grants will be made to local nonprofits demonstrating the highest standards and principles in our community. Even the financially or programmatically smallest nonprofits—often operated entirely with volunteers — have their knowledge of costs spread … Leer más