When interest payable is paid, you’ll debit Interest Payable (liability decreases) and credit Cash (asset decreases). A company’s general ledger will have an account specifically for “Interest Payable.” This account tracks the accrual and payment of interest. Also, while interest payable isn’t specifically on the...
A company must carefully plan its cash flows to ensure that it has sufficient funds to cover its short-term obligations. High levels of current liabilities relative to current assets may indicate potential liquidity problems, which could lead to financial distress if not managed properly. Effectively...
Instead, we’ve got free Yardi Breeze help videos designed to let you learn at your own pace, at any time that’s convenient for you. We also have a wide range of self-help resources available on-demand. These include task-based online help, video tutorials, software manuals and...
No matter where you are in your driving career, we have a service package that will match your needs. To start your trucking business, you need a Motor Carrier Authority from the Federal Motor Carrier Safety Administration (FMCSA). During the 14-day protest period, TBS will...
I also noted during the signup phase is that that Northwest Registered Agent didn’t reveal total service charges until I created an account. For transparency and convenience, I believe it would be much easier for customers to decide if the service is worth the investment...
The FLSA does not require overtime pay for work on Saturdays, Sundays, holidays, or regular days of rest, unless overtime hours are worked on such days. The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the...
The Department will update this notice with additional information as it becomes available. The federal court in this case found that the 2024 final rule’s high salary increases exceeded the DOL’s authority to define this exemption under the FLSA. The new high salary level...
The Established plan also supports a multi-currency function, which converts 160 different foreign currencies into your business’s local currency. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in...
Then, he inputs the non-cash charges and the $3.50 million, which represent the settlement with the acquiring company, to find that the adjusted EBITDA, or else the last 12-months EBITDA is $18.14 million. While negotiating the purchase multiple, the buyer and seller want the earnings...
An investor may be more interested in seeing larger dividends instead of retained earnings increases every year. They need to know how much return they’re getting on their investment. The statement of retained earnings paints a clear picture of that. Different companies how to handle...