Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. Current liabilities are obligations that are to be settled within 1 year or the normal operating cycle. Our goal is to deliver the most understandable and comprehensive explanations of financial topics using simple writing how to […]

Finally, Foundation includes a payroll module and general ledger, with consolidated reporting for multiple companies. Sage was the standard accounting software for general contractors for a long time, but it’s lost popularity as other platforms have become available. It’s a more affordable option than some others, but that also comes at the cost of some […]

Some companies might say an item is worth nothing (zero dollars) after it’s all worn out because they don’t think they can get much. But generally, salvage value is important because it’s the value a company puts on the books for that thing after it’s fully depreciated. It’s based on what the company thinks they […]