10 Essential Steps To Starting Seeds Indoors

by Steve Nubie @ Off The Grid News

Sun Mar 25 22:03:26 PDT 2018

One of best reasons for starting your own seedlings indoors is the cost-savings. When young plants are in their prime at nurseries and garden centers they also have a premium price. If you’re planting an ambitious garden, it can get expensive. Maybe the best reason is the feeling of accomplishment, especially if you do it ...

How not to get kicked out of your Airbnb rental

by Craig Johnson @ clark.com

Fri Mar 23 13:54:41 PDT 2018

While travel season used to be a boon for hotels, it has now turned into a blessing for many homeowners, too, thanks to Airbnb.

The homesharing service is disrupting the hotel industry by providing affordable lodging from people who are …

Police Mistook Her Vitamins For Drugs. She Then Spent 5 Months In Jail.

by Daniel Jennings @ Off The Grid News

Tue Mar 27 14:10:06 PDT 2018

Rebecca Shaw spent five months in jail because a sheriff’s deputy conducted a field test that could not tell the difference between vitamins and oxycodone pills. To make matters worse, it took a year for the state crime lab to test the pills and clear Shaw’s name. “He does the field drug test and because ...

Ask Lucas 016: What are the Rules for Entering and Showing an Occupied Property?

by @ Ask Lucas : Q&A for Landlords

Wed Mar 18 06:54:54 PDT 2015

Michael from Fresno, California is a new landlord, and needs to show his property to a prospective tenant. Can Michael showcase the property while the dwelling is occupied by a tenant, and what are the rules for giving proper notice?

Car insurance in Utah

by Andy Frakes @ finder US

Tue Mar 27 10:39:26 PDT 2018

Compare the cheapest car insurance in Utah. Learn about the state's auto insurance laws and steps you should take after an accident.

Cookie jar accounting

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 11:09:00 PDT 2018

Cookie jar accounting occurs when a business sets up excessive reserves in profitable periods and draws down these reserves during lower-profit periods. The intent is to give the impression that the organization generates more consistent results than is really the case. When investors believe that a firm is able to consistently meet its earnings targets, they tend to place a higher value on its stock. There is a greater temptation to use cookie jar accounting among publicly held businesses, since doing so can mislead analysts into issuing more favorable reports about them to the investment community. This approach to reporting earnings does not reflect actual results, and so can be considered fraudulent reporting.

Cookie jar reserves can be created either by over-estimating the more common reserves (such as for bad debts) or by taking large one-time charges for expected losses from one-time events, such as acquisitions or downsizings.

The term comes from the practice of using a “cookie jar” of reserves whenever needed.

Related Courses

Fraud Examination 
Fraud Schemes 
How to Audit for Fraud 

Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch?

by Rachel Gray @ Payroll Tips, Training, and News

Mon Mar 19 05:10:23 PDT 2018

Sometimes, you or your employees’ personal responsibilities conflict with your business. For many small businesses, if you miss work or lose an employee for an extended period of time, there can be harmful effects on productivity in the workplace. But if you or an employee are called in for jury duty, you might not have […]

The post Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch? appeared first on Payroll Tips, Training, and News.

Clark Howard 3.27.18

by @ clark.com

Tue Mar 27 14:00:00 PDT 2018

Topics: Amazon drone delivery developing sophistication; How changing the credit card you use can make a positive impact; Small business websites are really prone to hackers

Learn more about your ad choices. Visit megaphone.fm/adchoices…

When to Pay Employees for FLSA Hours Worked

by Kaylee Riley @ Payroll Tips, Training, and News

Wed Mar 28 05:15:18 PDT 2018

When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working. Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated. The Fair Labor Standards […]

The post When to Pay Employees for FLSA Hours Worked appeared first on Payroll Tips, Training, and News.

Ask Lucas 033: Am I Allowed to Collect Double Rent?

by @ Ask Lucas : Q&A for Landlords

Fri Dec 23 07:59:39 PST 2016

Kelly asks "am I allow to collect double rent on a property when one tenant moves out early?" It's a question that all landlords ask themselves at one point or another. Learn what Lucas recommends, and why.

Can Clark tell the difference between his favorite diet soda and a discount store knockoff???

by Beth Marcinko @ clark.com

Tue Mar 27 09:24:23 PDT 2018

Clark loves diet soda, but does he really know the difference between the name brand and generic? His blind taste test says it all.

WWII Pilots Said It Boosted Vision. And Native Americans Insisted It Cured Heart Problems.

by Erin Goodin @ Off The Grid News

Mon Mar 26 22:03:30 PDT 2018

  It’s related to and often confused for blueberries, and has a time-honored role in both folk and herbal medicine. It is the bilberry, a delicious blue fruit that can be distinguished from blueberries by looking at the flesh. The flesh of the bilberry is dark and juicy, while the flesh of the blueberry is ...

Shrinking Content Budgets Drive the Need for Content Intelligence

by Chad Pollitt @ SmallBizClub

Wed Mar 28 06:00:06 PDT 2018

We’re beginning to see some poignant trends in our industry. It seems brands are reducing their content marketing budgets. As a percentage of overall marketing spend, content marketing has gone from being 29% of overall B2B marketing budgets down to 26%. For B2C, it’s dropped from 32% of overall marketing budgets down to 22%. Don’t let the percentages […]

The post Shrinking Content Budgets Drive the Need for Content Intelligence appeared first on SmallBizClub.

Turnover ratios

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 15:24:00 PDT 2018

A turnover ratio represents the amount of assets or liabilities that a company replaces in relation to its sales. The concept is useful for determining the efficiency with which a business utilizes its assets. In most cases, a high asset turnover ratio is considered good, since it implies that receivables are collected quickly, fixed assets are heavily utilized, and little excess inventory is kept on hand. This implies a minimal need for invested funds, and therefore a high return on investment.

Conversely, a low liability turnover ratio (usually in relation to accounts payable) is considered good, since it implies that a company is taking the longest possible amount of time in which to pay its suppliers, and so has use of its cash for a longer period of time.

Examples of turnover ratios are:

• Accounts receivable turnover ratio. Measures the time it takes to collect an average amount of accounts receivable. It can be impacted by the corporate credit policy, payment terms, the accuracy of billings, the activity level of the collections staff, the promptness of deduction processing, and a multitude of other factors.
• Inventory turnover ratio. Measures the amount of inventory that must be maintained to support a given amount of sales. It can be impacted by the type of production process flow system used, the presence of obsolete inventory, management's policy for filling orders, inventory record accuracy, the use of manufacturing outsourcing, and so on.
• Fixed asset turnover ratio. Measures the fixed asset investment needed to maintain a given amount of sales. It can be impacted by the use of throughput analysis, manufacturing outsourcing, capacity management, and other factors.
• Accounts payable turnover ratio. Measures the time period over which a company is allowed to hold trade payables before being obligated to pay suppliers. It is primarily impacted by the terms negotiated with suppliers and the presence of early payment discounts.

The turnover ratio concept is also used in relation to investment funds. In this context, it refers to the proportion of investment holdings that have been replaced in a given year. A low turnover ratio implies that the fund manager is not incurring many brokerage transaction fees to sell off and/or purchase securities. The turnover level for a fund is typically based on the investment strategy of the fund manager, so a buy-and-hold manager will experience a low turnover ratio, while a manager with a more active strategy will be more likely to experience a high turnover ratio and must generate greater returns in order to offset the increased transaction fees.

Related Courses

Business Ratios Guidebook 
The Interpretation of Financial Statements 

Consumers Union praises senator’s call for FTC investigation of airline “dynamic pricing”

by David Butler @ Consumers Union

Mon Mar 12 11:32:37 PDT 2018

Monday, March 12, 2018 WASHINGTON, D.C. — Consumers Union, the advocacy division of Consumer Reports, today applauded Sen. Chuck Schumer (NY)’s call for the Federal Trade Commission (FTC) to investigate the airline industry amid questions about the use of “dynamic pricing” and consumers’ personal online data to set the price of airfares, which Schumer termed […]

Competitive advantage

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 14:27:00 PDT 2018

Competitive advantage is the ability of an organization to gain a material edge over its competitors. Having such an advantage can result in above-average profits or high levels of customer loyalty. There are many types of competitive advantage that a business can take advantage of, such as the following:

• Having a supply of unusually inexpensive raw materials
• Having access to a low-cost labor force
• Owning a patent that is key to a product category
• Having a large field servicing operation that can maintain products on short notice
• Having a large chain of retail stores through which goods can be sold
• Having a highly-regarded Internet store that experiences a large number of return visits
• Having a design team that routinely produces leading-edge designs
• Having a short product development cycle that pushes new products into the marketplace faster than what competitors can achieve

An example of how a core competency is used is to leverage a strong field service operation by noting the company's 24-hour response time when pitching a prospective sale to a customer. Another example is being able to offer a commodity product to a customer at an unusually low price, since the seller's workforce is located overseas, where labor costs are reduced by more than half.

Competitive advantage can be taken away by a determined competitor in one of two ways:

• Match and then exceed the advantage offered by the company; or
• Undermine the company's position by developing an entirely new competitive advantage that is highly prized by customers.

It is essential to maintain a competitive advantage, in order to sustain long-term profitability. This means that management must be aware of the advantage and continually reinforce it with ongoing investments in the targeted area.

A competitive advantage can even be achieved by unethical means, such as by offering bribes to the purchasing manager of a customer. Since other sellers are presumably not willing to engage in unethical behavior, the use of bribes can be seen as a competitive advantage.

Depreciable asset

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 13:48:00 PDT 2018

A depreciable asset is property that provides an economic benefit for more than one reporting period. A capitalization limit may also be applied to keep lower-cost purchases from being classified as depreciable assets. A qualifying asset is initially classified as an asset, after which its cost is gradually depreciated over time to reduce its book value. Examples of the classifications of assets used to record depreciable assets are:

• Buildings
• Computers and software
• Furniture and fixtures
• Land
• Machinery
• Vehicles

The time period over which an asset is depreciated depends on its classification. Land is not depreciated at all, since it is considered to have an infinite lifespan.

Related Courses

Fixed Asset Accounting 
How to Audit Fixed Assets 

Types of financial analysis

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 14:44:00 PDT 2018

Financial analysis involves the review of an organization's financial information in order to arrive at business decisions. This analysis can take several forms, with each one intended for a different use. The types of financial analysis are:

• Horizontal analysis. This involves the side-by-side comparison of the financial results of an organization for a number of consecutive reporting periods. The intent is to discern any spikes or declines in the data that could be used as the basis for a more detailed examination of financial results.
• Vertical analysis. This is a proportional analysis of the various expenses on the income statement, measured as a percentage of net sales. The same analysis can be used for the balance sheet. These proportions should be consistent over time; if not, one can investigate further into the reasons for a percentage change.
• Short term analysis. This is a detailed review of working capital, involving the calculation of turnover rates for accounts receivable, inventory, and accounts payable. Any differences from the long-term average turnover rate are worth investigating further, since working capital is a key user of cash.
• Multi-company comparison. This involves the calculation and comparison of the key financial ratios of two organizations, usually within the same industry. The intent is to determine the comparative financial strengths and weaknesses of the two firms, based on their financial statements.
• Industry comparison. This is similar to the multi-company comparison, except that the comparison is between the results of a specific business and the average results of an entire industry. The intent is to see if there are any unusual results in comparison to the average method of doing business.

Related Courses

Business Ratios Guidebook 
Financial Analysis 
The Interpretation of Financial Statements 

Ask Lucas 014: What Makes a Room a “Bedroom”?

by @ Ask Lucas : Q&A for Landlords

Tue Oct 28 18:12:38 PDT 2014

Larry from Massachusetts asks about the rules and regulations to create a bedroom or sleeping space in a basement or attic. What requirements help make a room into a "bedroom"?

Can You Power Your Business with Renewable Energy?

by Andrew Deen @ SmallBizClub

Tue Mar 27 06:03:05 PDT 2018

Here’s something you need to know about your next group of customers, Generation Z: they’re worried about the environment. In a 2017 study, 89% of Gen Z participants indicated that they would prefer to buy from an environmentally or socially conscious company over competitors. They’re committed to keeping our planet sustainable, and they’re willing to […]

The post Can You Power Your Business with Renewable Energy? appeared first on SmallBizClub.

Evaluation of internal controls

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 05:50:00 PDT 2018

An evaluation of internal control involves an examination of the effectiveness of an organization's system of internal controls. By engaging in this evaluation, an auditor can determine the extent of other tests that must be performed in order to arrive at an opinion regarding the fairness of the entity's financial statements. A robust system of internal controls reduces the risk of fraudulent activity, which moderates the need for additional audit procedures. The examination concentrates on such issues as:

• The separation of duties
• Checks and balances
• Safeguarding of records
• The training level and competence of employees
• The effectiveness of the entity's internal audit function

The steps involved in this evaluation process include the following:

1. Determine the extent and types of controls being used by the client.
2. Determine which of these controls the auditor intends to rely upon.
3. Based on the first two steps, determine which audit procedures should be expanded or reduced.
4. Make recommendations to the client regarding how to improve its system of internal controls.

The last of the preceding steps is useful for improving the control environment for the auditor in the following year's audit.

Related Courses

Accounting Controls Guidebook 

It’s The Vehicle You’ll Need When Society Collapses. And It Doesn’t Need Gas.

by Rich M @ Off The Grid News

Sun Mar 25 22:01:09 PDT 2018

I am constantly thinking through and rethinking survival scenarios. Of all of these, the loss of our electric grid, either due to a solar event or an EMP attack, is probably the most challenging, as well as being the most likely end-of-the-world-as-we-know-it event we might see. As such, it is one that deserves close study. ...

A Look at Federal, State, and Local Minimum Wages

by Mike Kappel @ Payroll Tips, Training, and News

Wed Mar 21 05:30:00 PDT 2018

You can’t just pay your employees any amount you want. You must follow federal, state, and local laws that set minimum wages. What is minimum wage? Minimum wage is the lowest amount you can pay an employee per hour of work. You can pay more than the minimum wage, but you should never pay less […]

The post A Look at Federal, State, and Local Minimum Wages appeared first on Payroll Tips, Training, and News.

Calling All Telecommunications Companies: Looking for a Competitive Edge?

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Tue Mar 27 09:32:24 PDT 2018

In the highly competitive telecommunications industry, every little advantage counts. In order for your company to stand out, you need to offer something different.   The TruCash rewards program can give you...

The post Calling All Telecommunications Companies: Looking for a Competitive Edge? appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

Inventory change

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 13:22:00 PDT 2018

Inventory change is the difference between the inventory totals for the last reporting period and the current reporting period. The concept is used in calculating the cost of goods sold, and in the materials management department as the starting point for reviewing how well inventory is being managed. It is also used in budgeting to estimate future cash requirements. If a business only issues financial statements on an annual basis, then the calculation of the inventory change will span a one-year time period. More commonly, the inventory change is calculated over only one month or a quarter, which is indicative of the more normal frequency with which financial statements are issued.

For example, if the ending inventory at the end of February was $400,000 and the ending inventory at the end of March was $500,000, then the inventory change was +$100,000.

The inventory change calculation is applicable to the following areas:

• Accounting. Inventory change is part of the formula used to calculate the cost of goods sold for a reporting period. The full formula is: Beginning inventory + Purchases - Ending inventory = Cost of goods sold. The inventory change figure can be substituted into this formula, so that the replacement formula is: Purchases + Inventory decrease  - Inventory increase = Cost of goods sold. Thus, it can be used to slightly compress the calculation of the cost of goods sold.
• Inventory management. The materials management staff uses the inventory change concept to determine how its purchasing and materials usage policies have altered the company's net investment in inventory. They typically drill down from the inventory change figure and review changes for each type of inventory (e.g., raw materials, work in process, and finished goods), and then drill down further to see where changes arose at the level of each stock keeping unit. The result of this analysis may include changes in ordering policies, the correction of faulty bills of material, and alterations to the production schedule.
• Cash budgeting. The budgeting staff estimates the inventory change in each future period. Doing so impacts the amount of cash needed in each of these periods, since a reduction in inventory generates cash for other purposes, while an increase in inventory will require the use of cash.

The concept is also used in a general sense to keep track of the overall investment in inventory, which management may monitor to see if working capital levels are increasing at too rapid a pace.

Related Courses

Accounting for Inventory 
How to Audit Inventory 

Ask Lucas 010: How Much Can a Landlord Charge for Carpet Damage?

by @ Ask Lucas : Q&A for Landlords

Wed Sep 03 14:05:06 PDT 2014

Pete, a tenant from Portland, says his landlord is trying to charge him for the entire cost to replace the carpet. However, the carpet wasn't new when he moved in. How much can the landlord charge Pete, and isn't carpet damage considered "normal wear and tear"? If not, what is the best way to calculate Pete's responsibility?

Vets warn dog owners about threat of potentially deadly bacteria found in water

by Jared Leone | Cox Media Group National Content Desk @ clark.com

Wed Mar 29 12:52:06 PDT 2017

Cases of a potentially deadly bacteria being reported throughout the country are prompting warnings from vets to pet owners.

Leptospirosis is a bacteria found in water that can cause serious damage to the liver and kidneys of dogs. It can …

Ask Lucas 020: Does the 3-Day Right of Rescission Apply to Rental Contracts?

by @ Ask Lucas : Q&A for Landlords

Wed May 13 13:05:47 PDT 2015

Jill from Key West, Florida was promised an apartment but it was rented to someone else instead. She's wondering if the landlord has the right to cancel the agreement with the other tenant within three days, and then sign a lease with her.

7 Common Myths About Raising Backyard Pigs

by Rebekah White @ Off The Grid News

Sun Mar 25 22:02:00 PDT 2018

Pigs are a great animal to raise on the homestead. They require minimal attention, and can thrive on infertile or barren land. They will eat just about anything (within reason…we’ll get to that!) and are relatively friendly, easy-to-care-for animals. However, if you have never raised pigs before, it can be a daunting proposition. The Internet, ...

Ask Lucas 034: What’s the Best Way to Calculate Income for Joint Applicants?

by @ Ask Lucas : Q&A for Landlords

Fri Jan 06 14:43:00 PST 2017

Joanne from Seattle is asking how to calculate the income requirement when you are screening multiple joint applicants. Do you use gross or net income when comparing to the rent amount, and what deductions do you look for?

Financial model

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 16:52:00 PDT 2018

A financial model is a mathematical representation of the key variables impacting an organization, which is used to make estimates of how future scenarios will impact the performance and financial position of the business. This model is usually constructed on an electronic spreadsheet, using summary-level revenues and expenses, and employing formulas that change the results of the model when certain variables are altered. For example, variables could be used to model the impact of an increase in energy prices, a decline in product prices, a product recall, a change in the rate of sales growth, or a successful employee strike that results in increased compensation and benefit costs.

A financial model is useful for estimating the effects of a number of scenarios within a short period of time, though its effectiveness depends on how well the model mimics the business. An analyst can use a financial model for a number of purposes, such as:

• Acquisitions. To determine the range of possible outcomes that an acquirer can expect with an acquiree, depending on the actions it takes after the deal has been closed.
• Budgeting. To develop several scenarios as part of the budgeting process, to decide which scenarios to pursue when a detailed budget is constructed.
• Capital budgeting. To determine a range of outcomes that might impact the cash flow return related to a prospective fixed asset purchase.
• Risk analysis. To determine which variables can have the greatest negative effect on a firm, as part of a formal risk analysis.

There are two potential problems with financial models. One is that a model may not properly account for the variables that will impact the model's projected future results. The other problem is that a more complex model is at risk of having calculation errors built into it, which can be difficult to detect.

Related Courses

Budgeting 
Capital Budgeting 

Ask Lucas 011: What’s in the Move-In and Move-Out Letters?

by @ Ask Lucas : Q&A for Landlords

Wed Sep 10 19:50:18 PDT 2014

In this episode, Bo asks about move-in / move-out letters. What kind of information do I list in my welcome and departure letters?

Take Your Timeshare Program To The Next Level With TruCash

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Fri Mar 16 09:37:39 PDT 2018

The TruCash rewards card program is a game-changer for timeshares and holiday networks as it can be used to offer monetary rewards to tour attendees, timeshare guests, owners, or timeshare staff, all...

The post Take Your Timeshare Program To The Next Level With TruCash appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

Exchange of nonmonetary assets

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:59:00 PDT 2018

An exchange of nonmonetary assets occurs when two entities swap nonfinancial assets. The accounting for a nonmonetary transaction is based on the fair values of the assets transferred. This results in the following set of alternatives for determining the recorded cost of a nonmonetary asset acquired in an exchange, in declining order of preference:

1. At the fair value of the asset transferred in exchange for it. Record a gain or loss on the exchange.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.

There can be any number of variations on the nonmonetary exchange concept, including ones where some cash is exchanged, along with other nonmonetary assets. If there is a significant amount of monetary consideration paid (known as boot), the entire transaction is considered to be a monetary transaction. In GAAP, a significant amount of boot is considered to be 25% of the fair value of an exchange. Conversely, if the amount of boot is less than 25%, the following accounting applies:

• Payer. The party paying boot is not allowed to recognize a gain on the transaction (if any).
• Recipient. The receiver of the boot recognizes a gain to the extent that the monetary consideration is greater than a proportionate share of the carrying amount of the surrendered asset. This calculation is based on the percentage of monetary consideration received to either:
  • Total consideration received, or
  • The fair value of the nonmonetary asset received (if more clearly evident)
  • Nonmonetary exchanges of inventory should be recognized at the carrying amount of the inventory transferred (not their fair values).

• Related Courses

  Fixed Asset Accounting 
  How to Audit Fixed Assets 

Ask Lucas 006: Is a Lease Terminated when the Property is Sold?

by @ Ask Lucas : Q&A for Landlords

Thu Jul 24 15:05:59 PDT 2014

Guy from Virginia is wondering what happens to his lease when the landlord sells the property. Does it continue or can it be terminated? The landlord wants to terminate the lease early, but Guy doesn't necessarily want to leave. Does he have any rights, and how should this situation be handled?

Does Life Insurance Cover Suicide?

by Barbara Marquand @ NerdWallet

Thu Mar 22 16:09:10 PDT 2018

Along with the profound and painful questions that follow the loss of a loved one from suicide, there are practical and financial issues to address, too. If the loved one…

5 Minute Local SEO Strategies

by Elvin Web Marketing @ SmallBizClub

Wed Mar 28 06:04:06 PDT 2018

SEO is often regarded as a mysterious dark art. Constantly evolving it can be confusing if not downright off-putting to your average small business owner. Local SEO has many similarities to traditional SEO, but thanks to the fact that you are competing in your local area, not against the world, it’s often possible to achieve results far […]

The post 5 Minute Local SEO Strategies appeared first on SmallBizClub.

The 9 Most Nutrient-Dense, Long-Term Storage Foods You Can Stockpile

by Trent Rhode @ Off The Grid News

Mon Mar 26 22:05:57 PDT 2018

  There are many foods that store well, and many foods that are super-nutritious or have high caloric value, but the number of foods that store well and are especially nutrient- and calorie-rich are much fewer. Calories without nutrients won’t satisfy your body, leading to continual hunger that will cause you to eat more calories ...

Human resource accounting

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 16:21:00 PDT 2018

Human resource accounting involves the tracking of all costs related to employees in a separate report. These costs may include the following:

• Employee compensation
• Employee payroll taxes
• Employee benefits
• Employee training

Such an accounting system can be used to determine where human resources costs are especially heavy or light in an organization. This information can be used to redirect employees toward those activities to which they can bring the most value. Conversely, the report can be used to identify those areas in which employee costs are too high, which may lead to a reduction in force or a reallocation of staff away from those areas.

A more comprehensive human resource accounting system goes beyond the simple tracking of employee-related costs, and addresses the following two additional areas:

• Budgeting. An organization's annual budget includes a component, in which is concentrated all employee costs being incurred from across the organization. By concentrating cost information by its nature, management can more clearly see the total impact of human resource costs on the entity.
• Employee valuation. Rather than looking at employees as costs, the system is redirected toward viewing them as assets. This can involve the assignment of values to employees based on their experience, education, innovativeness, leadership, and so forth. This can be a difficult area in which to achieve a verifiable level of quantification, and so may have limited value from a management perspective.

From an accounting perspective, the expense-based view of human resources is quite easy - employee costs from the various departments are simply aggregated into a report. The employee valuation approach is not a tenable concept for the accountant, since this is an internally-generated intangible asset, and so cannot be recorded in the accounting system.

Related Courses

Human Resources Guidebook 
Payroll Management 

The King Rides In

by Bill Heid @ Off The Grid News

Sat Mar 24 22:01:29 PDT 2018

Now shrugging off his rags the wiliest fighter of the island leapt and stood on the broad door sill, his own bow in his hand. —Homer, The Odyssey (c. 8th century BC) The king has returned! —Rafiki, The Lion King (1994) The Return of the True King The exiled king story is one of the ...

Ask Lucas 007: Must I Allow my Tenants to be at the Move-out Inspection?

by @ Ask Lucas : Q&A for Landlords

Wed Aug 20 15:37:07 PDT 2014

Mike from Madison, Wisconsin is concerned that if he allows his tenants to be at the move-out inspection, they will inhibit the inspection process and try to keep him from documenting all the damages. Mike asks the question: "must I allow them to be present, or can do the inspection without them?"

Ask Lucas 009: Should I Hire a Property Manager?

by @ Ask Lucas : Q&A for Landlords

Mon Aug 25 04:00:46 PDT 2014

Dave from Arizona is moving out of state and wants to rent out his current residence. He's never been a landlord before and wondering if he should hire a local property manager, or is he able to manage the property remotely? Further, he's heard that property managers can be expensive, but how much should he expect to pay?

Ask Lucas 032: Must I Give the Landlord Access to Show the Property?

by @ Ask Lucas : Q&A for Landlords

Fri Dec 16 15:06:15 PST 2016

Trudy from Colorado is asking about the landlord's right to access the property in order to showcase it to prospective applicants. Does she have let him in or can she force him to wait until after she moves out before showing the property?

How to Watch Live Sports Online for Free

by Jim Wang @ Wallet Hacks

Tue Mar 13 04:00:27 PDT 2018

I have a secret. I live in Maryland but I love my New York teams (I'm that weird Mets, Jets, Knicks combo). I'm not a die-hard fan in that I rearrange my schedule because I must watch every game (good luck — that's 260 games combined), but I like catching a game when I can. […]

The post How to Watch Live Sports Online for Free appeared first on Wallet Hacks.

How Grads Can Get Another Shot at Student Loan Forgiveness

by Anna Helhoski @ NerdWallet

Tue Mar 27 09:20:39 PDT 2018

The Trump administration is giving student loan borrowers who missed out on public service loan forgiveness a second chance, and they should move now to prepare. The recently passed $1.3 trillion federal…

Throughput definition

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 15:19:00 PDT 2018

Throughput is the number of units that pass through a process during a period of time. This general definition can be refined into the following two variations, which are:

• Operational perspective. Throughput is the number of units that can be produced by a production process within a certain period of time. For example, if 800 units can be produced during an eight-hour shift, then the production process generates throughput of 100 units per hour.
• Financial perspective. Throughput is the revenues generated by a production process, minus all completely variable expenses incurred by that process. In most cases, the only completely variable expenses are direct materials and sales commissions. Given the small number of expenses, throughput tends to be quite high, except for those situations in which prices are set only slightly higher than variable expenses.

For operations, throughput can be increased by enhancing the productivity of the bottleneck operation that is constraining production. For example, an additional machine can be purchased, or overtime can be authorized in order to run a machine for an extra shift. The key point is to focus attention on the productivity of the bottleneck operation. If other operations are improved, the overall throughput of the system will not increase, since the bottleneck operation has not been enhanced. This means that the key focus of investment in the production area should be on the bottleneck, not other operations.

For financial analysis, throughput can be increased by altering the mix of products being produced, to increase the priority on those products that have the highest throughput per minute of time required at the constrained resource. If a product has a smaller amount of throughput per minute, it can instead be routed to a third party for processing, rather than interfering with the bottleneck operation. As long as some positive throughput is gained by outsourcing, the result is an increased overall level of the throughput for the company as a whole.

Related Courses

Constraint Management 

Ask Lucas 030: How Do You Perform an Annual Property Inspection?

by @ Ask Lucas : Q&A for Landlords

Fri Nov 11 11:00:29 PST 2016

Brenda from Oregon is asking how to perform a yearly property inspection, and what to watch out for when communicating with tenants.

How to Prepare for an Interview When You’re Self-Employed

by Due.com @ Chime Banking

Tue Mar 27 13:03:23 PDT 2018

There are many myths about self-employment that people may start to mistake for fact. Working for yourself can be a great thing, but it doesn’t always mean you’ll be 100% in control of your career and the day-to-day operations. Often times, you’ll still have to work with others and may even have to please clients if you’re […]

The post How to Prepare for an Interview When You’re Self-Employed appeared first on Chime Banking.

This Is Why Research On Behavioral Finance Won the Nobel Prize

by Cat Alford @ Chime Banking

Mon Mar 12 15:50:20 PDT 2018

In October 2017, Richard Thaler got the call he’d been hoping for. After 40 plus years of economics research, he learned he won the Nobel Prize. As an economist, he faced ridicule from his colleagues for his research connecting human behavior to economics. Winning the Nobel Prize for his work in behavioral finance meant that his […]

The post This Is Why Research On Behavioral Finance Won the Nobel Prize appeared first on Chime Banking.

Ask Lucas 029: Are Bedbugs a Landlord’s Responsibility?

by @ Ask Lucas : Q&A for Landlords

Fri Nov 04 11:09:46 PDT 2016

Gwen from London is asking about her obligations as a landlord to eradicate bedbugs from her rental in New York City. The bedbugs appeared after the tenant moved in, and she suspects the tenant brought them in to unit. What should she do?

Bitcoin Benefits And Why Cryptocurrency Is The Future of Finance

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Mon Mar 12 09:11:46 PDT 2018

  In our first post on Bitcoin, Bitcoin, Blockchain, and Cryptocurrency: What You Need To Know, we explained what Bitcoin is, how it works, the technology behind it, and how you can...

The post Bitcoin Benefits And Why Cryptocurrency Is The Future of Finance appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

How to Save Money on Your Utility Bills

by Melanie Lockert @ Chime Banking

Mon Mar 26 11:21:00 PDT 2018

Do you cringe each month when you get your utility bills? When you see a super high bill, do you wonder what happened? We’ve all been there, and high bills for gas, electricity and cable can certainly put a dent in your bank account. But all is not lost. If you want to keep your […]

The post How to Save Money on Your Utility Bills appeared first on Chime Banking.

Car insurance in South Carolina

by Andy Frakes @ finder US

Tue Mar 27 09:53:41 PDT 2018

Compare the cheapest car insurance in South Carolina. Learn about the state's auto insurance laws and steps you should take after an accident.

Check your mail: Valpak may be sending you a $100 check!

by Mike Timmermann @ clark.com

Wed Mar 28 07:18:03 PDT 2018

Do you receive envelopes stuffed full of coupons from Valpak? There may be something more valuable inside.

5 Facts About Women and Money for International Women’s Day

by Chelsea Brennan @ Chime Banking

Thu Mar 08 14:46:51 PST 2018

Did you know that only 22% of U.S. women can answer three fundamental finance-related questions correctly? It’s sad but true. While women have made significant strides to close the gender gaps in education, employment, and even wealth, the gap in financial literacy is still glaring. But, in order to even begin bridging this gap, it’s important to understand that […]

The post 5 Facts About Women and Money for International Women’s Day appeared first on Chime Banking.

Consult This Employee Termination Checklist to Keep Things Running Smoothly

by Rachel Gray @ Payroll Tips, Training, and News

Wed Mar 07 05:10:00 PST 2018

Employees leave companies every day to pursue growth opportunities, accommodate personal lives, or experience change. As an employer, you hope employees won’t leave your business, but you know this is wishful thinking. When an employee resigns, you need to know what to do. The average annual overall turnover rate is 19%, according to SHRM. If […]

The post Consult This Employee Termination Checklist to Keep Things Running Smoothly appeared first on Payroll Tips, Training, and News.

Ask Lucas 022: Tenant Screening in Less than an Hour?

by @ Ask Lucas : Q&A for Landlords

Wed Jul 15 21:24:03 PDT 2015

Francie from Indiana asks about my methods to screen tenants quickly and effectively. Quality tenant screening requires reviewing lots of documentation and talking to other landlords. Learn how I do this in 1 hour or less.

8 ways to save money at Hobby Lobby

by Theo Thimou @ clark.com

Tue Mar 27 12:22:43 PDT 2018

Don't expect to snag any savings at Hobby Lobby on a Sunday. The store closes for a day of rest "in order to allow our employees and customers more time for worship and family," according to the company's website. So here's how you can save money during the other six days of the week...

The Equifax Hack Was Worse Than Expected. What to Do Next

by Jeanine Skowronski @ Chime Banking

Thu Mar 15 15:59:14 PDT 2018

Looks like that worst-ever Equifax data breach was … actually worse. In late 2017, the credit reporting agency divulged a systems breach exposed the personal information of 145.5 millions Americans, including names, Social Security numbers, birth dates, addresses, dispute documents, as well as some credit card account and driver’s license numbers. But the hackers also obtained […]

The post The Equifax Hack Was Worse Than Expected. What to Do Next appeared first on Chime Banking.

Consumer Reports to Facebook: Notify every person who had private data compromised

by David Butler @ Consumers Union

Wed Mar 21 08:12:43 PDT 2018

Wednesday, March 21, 2018 National petition calls on Facebook to inform all users impacted by Cambridge Analytica scandal so consumers can hold FB accountable WASHINGTON, D.C. — In the wake of the Facebook-Cambridge Analytica scandal, Consumer Reports is calling on Facebook to immediately notify all users who had their private data compromised. CR is circulating […]

Here’s how to deactivate your Facebook account

by Craig Johnson @ clark.com

Mon Mar 26 10:49:55 PDT 2018

Over the weekend, Facebook CEO Mark Zuckerberg released a full-page ad in major U.S. and U.K. newspapers apologizing for the company’s role in allowing a controversial company’s app to access users’ personal data.

“This was a breach of trust, and …

5 Simple Steps for Becoming a Healthier Entrepreneur

by Jay Chambers @ SmallBizClub

Tue Mar 27 06:04:17 PDT 2018

Following your dreams, branching out and starting your own business is one of the most rewarding experiences a person can experience. That being said, the busy and stressful lifestyle of modern-day entrepreneurs doesn’t leave much room for cultivating healthy lifestyle habits. Here is how you can improve your lifestyle and start fostering healthier habits in […]

The post 5 Simple Steps for Becoming a Healthier Entrepreneur appeared first on SmallBizClub.

Ask Lucas 012: Are Online Rental Applications More Secure than Paper Applications?

by @ Ask Lucas : Q&A for Landlords

Wed Sep 17 14:52:54 PDT 2014

Cynthia asks about Cozy and is concerned about online security. She is also wondering if she needs to collect paper versions of the rental applications before sending the applicants to Cozy to setup accounts.

Where’s My Refund? How to Get Your Tax Refund As Quickly As Possible

by Jim Wang @ Wallet Hacks

Mon Mar 12 04:00:55 PDT 2018

Are you ahead of the game and already filed your tax return? You rock! Now you're wondering “where's my refund?” We can help! You're in the right place. The IRS isn't very straightforward with a lot of tax items, since there is so many gray and “up to interpretation” areas, but on the tax refund […]

The post Where’s My Refund? How to Get Your Tax Refund As Quickly As Possible appeared first on Wallet Hacks.

Car insurance in South Dakota

by Andy Frakes @ finder US

Tue Mar 27 10:19:54 PDT 2018

Find and compare the cheapest car insurance options in South Dakota. Learn about the state's auto insurance laws and steps you should take after an accident.

Job alert: Amazon is hiring and you can work from home

by Mike Timmermann @ clark.com

Sat Mar 24 12:30:12 PDT 2018

Want to work for Amazon? The online retail giant has just posted openings for virtual customer service associates!

Ask Lucas 028: What is a “Holding Deposit” and How does it Work?

by @ Ask Lucas : Q&A for Landlords

Fri Jul 22 12:12:51 PDT 2016

Jenny is wondering what is the best practice for a "holding deposit" or "good faith deposit", and can it be non-refundable? How does it work?

The 10 Most Significant Obstacles Preventing Debt Elimination

by Due.com @ Chime Banking

Tue Mar 06 14:42:00 PST 2018

Debt continues to be a problem among Americans of all ages and walks of life. In 2017, the total consumer debt among Americans rose 8.8 percent, to $3.827 trillion, setting a new record. The average household has a credit card balance of $15,654, and with total debts (including mortgages) of $131,431. With numbers consistently growing year over […]

The post The 10 Most Significant Obstacles Preventing Debt Elimination appeared first on Chime Banking.

The difference between an invoice and a statement

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 16:21:00 PDT 2018

A customer may receive an invoice and a statement from a supplier. What is the difference between these two documents? When a seller issues an invoice to a buyer, the invoice is related to a specific sale transaction where goods or services were provided to the buyer. Since the invoice relates to a specific sale transaction, it itemizes all of the information the buyer needs to know in order to pay the seller, including:

• Invoice number
• Invoice date
• Item description
• Item price
• Shipping and handling charges
• Sales tax
• Total amount payable
• Remit to address
• Payment terms and early payment discount terms (if any)

The intent of an invoice is either to collect payment from the buyer, or to create evidence of the sale (if payment was made in advance or in cash). If payment was made at the time of sale, the invoice is stamped "Paid" before issuing it to the buyer.

When a seller issues a statement, the document itemizes all invoices that have not yet been paid by the buyer, as well as partial payments. In this case, the intent is to remind the buyer that it has an obligation to pay the seller. Since the statement is more aggregated than an invoice, it provides less detailed information at the invoice level. It typically includes the following items:

• Statement date
• Invoice numbers
• Invoice dates
• Invoice totals

A more sophisticated statement will aggregate invoice totals by time bucket, so that overdue invoices are clearly shown.

Invoices are issued whenever a sale has been completed, so they may be issued every day and in significant quantities. However, statements are usually only issued at regular intervals, such as once a month, as part of a company's collection activities.

From the perspective of the buyer, the receipt of an invoice triggers an accounting transaction, which is an account payable. Conversely, the receipt of a statement is strictly informational - it does not trigger the creation of an accounting transaction.

It can be unwise to treat a statement as an invoice and pay items listed on the statement, since it is possible that the buyer already paid for those items, but the payment has not yet been reflected in the seller's accounting system. A better alternative for the buyer is to make inquiries about any invoices that are listed on the statement, and obtain more detailed information before issuing a payment.

There can be some confusion between the invoice and statement terms when dealing with credit card providers, since they issue a "statement" that is actually an invoice.

Related Courses

Bookkeeping Guidebook 
New Controller Guidebook 

Continuing professional education

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:53:00 PDT 2018

Continuing professional education (CPE) is ongoing training that is required in order to remain certified as a professional in certain fields. The intent behind requiring this training is to force professionals to continue to update their knowledge of pertinent information that can improve their ability to serve their clients. In the accounting field, the state boards of accountancy all require a significant amount of CPE for certified public accountants (CPAs). Though the exact training requirements vary by state, the general requirements are:

• To take 40 hours of training per year, with some minimum number of hours spent on accounting or auditing subjects; and
• To take an ethics course every other year, which in some cases must pertain to the specific ethics requirements of the relevant state board of public accountancy.

If a CPA does not meet the CPE requirements of the governing state board of public accountancy, there is usually a requirement to make up the missing training time. If this does not happen within a reasonable period of time, then the person's CPA certificate is revoked.

There are a number of ways to fulfill the CPE requirement. A person may take classes from a CPE provider that is registered with the National Association of State Boards of Accountancy, or which is registered with the applicable state board of public accountancy. These classes can take the form of online self-study training, online webinars, in-person training, and so forth. A recent change in the rules is nano learning, where extremely short courses are offered that grant fractions of a credit hour for course completion. Some proportion of a person's CPE hours can also be earned by teaching classes or writing relevant professional articles or books.

Related Courses

Economic order quantity

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 14:59:00 PDT 2018

The economic order quantity (EOQ) is a formula that derives the optimum quantity of goods to order, so that several costs related to inventory are minimized. These costs are inventory ordering costs, holding costs, and stock out costs. The formula incorporates the following factors:

• Setup costs
• Rate of demand
• Production costs
• Interest rate

The formula is most useful when standardizing the reordering of components on a repetitive basis. The formula can be inserted into a materials management system, so that the system automatically places replenishment orders with suppliers. The formula is least useful in lean production environments, where only the exact amount of components needed for the current production requirements are kept on hand; all other requirements are ordered on a just-in-time basis.

Related Courses

Inventory Management 

Did a Tax Pro Botch Your Return? Here’s What to Do

by Tina Orem @ NerdWallet

Fri Mar 23 06:53:52 PDT 2018

To err is human, but to err on your tax return is a total dumpster fire. If you did your own taxes, of course, you may have only yourself to…

Ask Lucas 004: Fireworks, Tenants and Safety, Oh My!

by @ Ask Lucas : Q&A for Landlords

Thu Jul 03 23:43:37 PDT 2014

Vickie from Florida is concerned that her tenant might ignite fireworks in celebration of Independence Day, but she doesn't have anything in her lease restricting it. What can she do?

Ask Lucas 017: An Interview with Money Radio from Phoenix Arizona

by @ Ask Lucas : Q&A for Landlords

Wed Mar 25 23:46:35 PDT 2015

Lucas Hall is interviewed by Money Radio 1510 AM, from Phoenix Arizona. How did you get started, and why do you invest in buy and hold rentals, rather than flips? How can Landlordology and Cozy help a new Landlord? How is it free?

Mobile Advertising Trends: The Rise of Video

by SEER Interactive @ SmallBizClub

Wed Mar 28 06:01:40 PDT 2018

Over the last few years, everyone in advertising is talking about the rise of mobile and how desktop is becoming less and less dominant. That fact still holds true, but there is another piece. Video in particular is on the rise, specifically on mobile. Facebook and Google are at the forefront of this with both of their platforms. […]

The post Mobile Advertising Trends: The Rise of Video appeared first on SmallBizClub.

Consumers Union statement on reports of self-driving Uber car, pedestrian fatality

by David Butler @ Consumers Union

Mon Mar 19 13:34:01 PDT 2018

  Monday, March 19, 2018 WASHINGTON, D.C. — Consumers Union, the advocacy division of Consumer Reports, made the following statement today following the news reports of a pedestrian fatality involving a self-driving Uber vehicle in Arizona: David Friedman, Director of Cars and Product Policy and Analysis, Consumers Union, said, “All of our thoughts and sympathies […]

What Is an FEIN?

by Mike Kappel @ Payroll Tips, Training, and News

Mon Feb 26 05:10:00 PST 2018

When you run a business, you must meet many IRS requirements. You might need an FEIN to identify your business on documents like payroll tax forms. What does FEIN mean? What is an FEIN? FEIN is an acronym for Federal Employer Identification Number, also known as an EIN. This unique, nine-digit number is used by […]

The post What Is an FEIN? appeared first on Payroll Tips, Training, and News.

Cook the books

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:57:00 PDT 2018

To cook the books means that the managers of a business are deliberately falsifying certain aspects of its financial statements to give investors a false impression of the true state of the business. Alternatively, they engage in business practices to enhance financial results that are technically legal, but which will have a negative impact on the business over the long term. A number of techniques can be used to cook the books, such as the following:

Falsification activities

• Leaving the books open past the end of the month to record additional sales within the prior reporting period.
• Not recording expenses in the reporting period, even though they clearly reflect resource consumption in the period.
• Altering the terms of leasing arrangements so that the liability appears to be held by a third party, thereby keeping the liability off the entity's balance sheet.
• Falsely recording pension liabilities lower than is really the case.
• Setting up expense reserves, such as the allowance for doubtful accounts, that do not reflect the actual loss rate.
• Recording consignment sales as though they are actual sales.
• Taking a one-time charge that is set up as a "cookie jar," which can be used in subsequent periods to write off expenses and artificially inflate profits.

Business practices

• Engage in channel stuffing to sell more goods to customers than they can realistically use.
• Grant much higher credit levels to customers in order to boost sales, even though the customers may not be able to pay off the receivables.

Related Courses

Fraud Examination 
Fraud Schemes 
How to Audit for Fraud 

Ask Lucas 003: How Much Notice Do I Have to Give Before Entering a Rental?

by @ Ask Lucas : Q&A for Landlords

Thu Jun 12 05:21:52 PDT 2014

Today's question is from John in Phoenix, Arizona, who wants to know how much notice he has to provide, and in what situations can he enter a rental property.

Ask Lucas 002: How Much Can I Raise the Rent?

by @ Ask Lucas : Q&A for Landlords

Wed Jun 04 05:18:22 PDT 2014

Today's question is from Stan in Austin, Texas, who is asking if there is a limit on amount he can raise the rent.

Two legitimate ways to get free Disney World tickets

by Theo Thimou @ clark.com

Mon Mar 26 10:42:33 PDT 2018

Who says there's no free lunch? Turns out there might actually be a way to score free tickets to Walt Disney World and Disneyland — in some circumstances.

7 Habits That Will Help You Lead a More Successful and Productive Life

by Due.com @ Chime Banking

Tue Mar 13 15:54:24 PDT 2018

Regardless what path in life you’re on, your habits will dictate your success. They can empower you to achieve your goals just as easily as they can derail you. That said it’s just as important to focus on maintaining good habits as it is to rid yourself of the bad ones. In this article we’ll cover […]

The post 7 Habits That Will Help You Lead a More Successful and Productive Life appeared first on Chime Banking.

Minimum internet speeds for YouTube TV, DirecTV Now, Sling TV and other live TV streaming services

by Mike Timmermann @ clark.com

Wed Mar 28 07:00:39 PDT 2018

If you're thinking about canceling cable or satellite TV to sign up for an affordable live TV streaming service, make sure that your internet connection can handle it.

How to Shop for Used Clothes — and Why You Should

by Laura McMullen @ NerdWallet

Thu Mar 22 20:00:39 PDT 2018

Buying used clothes at thrift stores may seem like a smart way to slash your spending — and it is. You ought to get gold stars and stickers for spending…

Freedom of Choice & Financial Literacy: Why TruCash Is The Innovative Payment Solution For First Nations Communities

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Tue Mar 06 10:05:23 PST 2018

DCR Strategies Inc. has created a reloadable payment product for First Nations communities across Canada that streamlines payment distribution and reduces administration time and cost. The TruCash card eliminates issues related to...

The post Freedom of Choice & Financial Literacy: Why TruCash Is The Innovative Payment Solution For First Nations Communities appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

Average 401(k) Retirement Savings – Why We Need to Save More. Way More!

by Jim Wang @ Wallet Hacks

Mon Mar 19 04:00:30 PDT 2018

How much do you have saved up in retirement? If you're like most Americans, the answer is not much. The average net worth of Americans is just $80,039. When you take out home equity, it's only $25,116. That's across the entire population of the United States – single, married, 65, 25, black, white, etc. Do […]

The post Average 401(k) Retirement Savings – Why We Need to Save More. Way More! appeared first on Wallet Hacks.

5 Creative Habits That Will Keep Your Finances On Track

by Ben Luthi @ Chime Banking

Tue Mar 27 13:29:00 PDT 2018

Improving your financial situation may seem as easy as saving more money and decreasing your expenses. But here’s the thing: if you want to see long-term improvements, you’ve got to first establish some good financial habits. This will help you both get on the right track and achieve your money goals. Financial habits are really […]

The post 5 Creative Habits That Will Keep Your Finances On Track appeared first on Chime Banking.

Clark Howard 3.26.18

by @ clark.com

Mon Mar 26 14:05:29 PDT 2018

Topics: Walmart is now selling used cars; Congress doesn’t want you to know about future data breaches; Awesome deals today from Moviepass, Costco, and more

Learn more about your ad choices. Visit megaphone.fm/adchoices…

Follow this simple chart to become a millionaire

by Mike Timmermann @ clark.com

Mon Mar 26 13:00:00 PDT 2018

If becoming a millionaire is something that's been on your mind, this helpful chart reveals what it will take to get there!

What You Need to Know About a Qualifying Life Event

by Rachel Gray @ Payroll Tips, Training, and News

Mon Mar 12 05:10:40 PDT 2018

Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event. What is […]

The post What You Need to Know About a Qualifying Life Event appeared first on Payroll Tips, Training, and News.

Grove

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:28:57 PDT 2018

A grove is fruit or nut trees that have been planted in configurations designed to facilitate their care and harvesting. All limited-life land development costs associated with groves should be capitalized during the development period. Once production begins in commercial quantities, the accumulated costs are depreciated over the estimated useful life of the grove. During this time, the accumulated costs are reported on the balance sheet as a non-current asset.

Related Courses

Agricultural Accounting 

Ask Lucas 025: How Do I Handle a Short-Term Squatter?

by @ Ask Lucas : Q&A for Landlords

Fri Nov 06 08:28:06 PST 2015

Ben from California is asking if he can move back into his condo that has been highjacked by a friend, who is now a short-term squatter.

Organic growth

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 12:42:00 PDT 2018

Organic growth is the increase in sales of a business generated by those of its operations that were in existence at the beginning of the measurement period. The concept is used to differentiate between sales generated from existing operations and those operations that were acquired during the measurement period. In particular, organic growth is used to determine whether existing operations are in a state of decline, neutral growth, or expansion. It is entirely possible that organic "growth" will actually be negative.

For example, a company may report 100% growth during a period, but further analysis may reveal that 95% of the growth was from sales attributable to an acquisition and 5% to existing operations.

Organic growth can be caused by any of the following:

• An increase in prices
• An increase in units sold of existing products
• Sales of new products from existing operations
• Sales to new customers for products from existing operations
• Sales generated by new distribution channels
• Sales generated in new sales regions

Organic growth nearly always refers to changes in revenue, but can be used in reference to changes in profitability or cash flows.

The organic growth concept is a solid growth strategy for many businesses. This approach depends on internally-generated growth, rather than through acquisitions, and is a particularly viable option for a business that does not have sufficient cash to acquire other entities. However, this type of growth tends to be rather slow, especially when compared to the massive sales gains that can be achieved through an acquisition strategy. Also, organic growth could be in a sales segment that does not generate much cash flow, whereas an acquisition could generate sales in a more profitable segment of the market.

Related Courses

Business Ratios Guidebook 
Financial Analysis 
The Interpretation of Financial Statements 

Recall alert: Organic coconut flour poses salmonella risk

by Craig Johnson @ clark.com

Mon Mar 26 12:15:22 PDT 2018

The King Arthur Flour Co. is recalling its organic coconut flour due to the potential presence of salmonella, the company has announced. People should check their cupboards for the product and take prompt action, the company said.

“Consumers who have …

Social Media Marketing: DIY vs. Hiring a Social Media Company

by Andy Macia @ SmallBizClub

Wed Mar 28 06:02:30 PDT 2018

Social media marketing has become an essential part of growing a business in today’s technologically adept world. There are so many people on social media these days, it makes a lot of sense to take your business directly to their feeds. You have a huge opportunity to take your brand to the next level by […]

The post Social Media Marketing: DIY vs. Hiring a Social Media Company appeared first on SmallBizClub.

Ask Lucas 023: Should I Add an Unqualified Applicant to an Existing Lease?

by @ Ask Lucas : Q&A for Landlords

Fri Sep 11 06:00:19 PDT 2015

Lindsey from Iowa asks about adding a very, very unqualified roommate to an existing lease. What are her options and what would I do in this situation?

100+ Restaurants Where Kids Eat Free, Organized by Day of Week!

by Makenzi Wood @ Wallet Hacks

Wed Mar 28 04:00:22 PDT 2018

Everybody's trying to save a buck these days. But hey, sometimes you want to treat yourself to a decent meal at a restaurant. If you have kiddos, though, you know how easily the bill multiplies when you add mac ‘n' cheese and chicken strips into the picture. If you're a busy parent who wants to […]

The post 100+ Restaurants Where Kids Eat Free, Organized by Day of Week! appeared first on Wallet Hacks.

5 Kids, 40 Acres, And A $25,000 House

by Tricia Drevets @ Off The Grid News

Sun Mar 25 22:05:34 PDT 2018

If you are attracted to the idea of living off the grid, but you think there is no way you could do it with a large family, you need to meet Jeff and Rose and their five daughters. With a strong desire to live an inexpensive and debt-free lifestyle, Jeff and Rose purchased 40 acres ...

Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount

by Rachel Gray @ Payroll Tips, Training, and News

Wed Feb 28 05:10:52 PST 2018

It’s easy to make mistakes, especially when you have a million and one things on your plate. One error you could make is deducting the wrong amount from employee wages. Correcting employment taxes is necessary if you withhold too much or too little from your employees’ paychecks. This article provides an overview of employment taxes […]

The post Correcting Employment Taxes: What to Do If You Withhold the Wrong Amount appeared first on Payroll Tips, Training, and News.

15 of the best Dollar Tree storage and organization ideas

by Mike Timmermann @ clark.com

Mon Mar 26 16:00:19 PDT 2018

You don't have to break your budget to get organized! Here are my favorite storage and organization products from the dollar store.

3 Money Lessons We Can Learn From ‘Roseanne’

by Courtney Jespersen @ NerdWallet

Sun Mar 25 18:00:27 PDT 2018

On March 27, the Conner family is coming back to prime time, thanks to the revival of ABC’s “Roseanne.” The popular sitcom starring Roseanne Barr and John Goodman as husband…

Self Lender offers a new way to build credit when you have none

by Theo Thimou @ clark.com

Tue Mar 27 08:30:20 PDT 2018

Need to build credit quickly? Imagine having the ability to save money each month into an account that earns interest and builds your credit history with the three main credit bureaus at the same time.

12 Clever Places to Donate Your Used Old Books

by Makenzi Wood @ Wallet Hacks

Wed Mar 21 04:00:34 PDT 2018

If you're like me, you know there's nothing quite like cracking open a book. For decades us bookworms have amassed impressive collections of books to expand our small slice of the world. However, it's easy to get overwhelmed with books. I used to have an entire room in my house just for my books. It […]

The post 12 Clever Places to Donate Your Used Old Books appeared first on Wallet Hacks.

Car insurance in Vermont

by Andy Frakes @ finder US

Tue Mar 27 10:52:47 PDT 2018

Compare the cheapest car insurance in Vermont. Learn about the state's auto insurance laws and steps you should take after an accident.

4 Things That Could Make You a Target for a Tax Audit

by Tina Orem @ NerdWallet

Wed Mar 28 08:28:11 PDT 2018

People understandably fear tax audits, but audits actually aren’t that common: Of all the tax returns filed in 2015, the IRS examined just 0.7% the following fiscal year. Nonetheless, we’ve all…

New KKW Beauty x Mario makeup collection to drop next week

by Helen Champion @ finder US

Tue Mar 27 12:28:37 PDT 2018

The decade-long friendship between Kim Kardashian West and her makeup artist culminates in a killer collaboration coming out next week.

UPS and FedEx warning: Beware of deliveries you didn’t order

by Theo Thimou @ clark.com

Tue Mar 27 12:00:36 PDT 2018

Got a package at your door of something you didn't order? The real scam may be what happens next...

What GDPR Means for Your Data Protection Compliance

by Ken Lynch @ SmallBizClub

Wed Mar 28 06:03:03 PDT 2018

The European Union’s General Data Protection Regulation, or GDPR, will change area of business from cybersecurity, human resource and market to technology. The law is such as game changer that 92 percent of U.S. companies consider making GDPR compliance at the top of their to-do list, according to a PWC survey. With the GDPR becoming […]

The post What GDPR Means for Your Data Protection Compliance appeared first on SmallBizClub.

Valuation account

by Steven Bragg @ Articles - AccountingTools

Tue Mar 27 13:57:00 PDT 2018

A valuation account is paired with an asset or liability account, and is used to offset the value of the assets or liabilities recorded in the account with which it is paired. The result of this account pairing is a net balance, which is the carrying amount of the underlying asset or liability. The "valuation account" term is a less-used phrase that has the same meaning as the contra account concept.

Examples of valuation accounts are:

• Allowance for doubtful accounts (paired with the trade accounts receivable account)
• Allowance for obsolete inventory (paired with the inventory account)
• Accumulated depreciation (paired with the various fixed asset accounts)
• Discount on bonds payable (paired with the bonds payable account)
• Premium on bonds payable (paired with the bonds payable account)

The valuation account concept is useful for estimating any possible reductions in the values of assets or liabilities prior to a more definitive transaction that firmly establishes a reduction.

Valuation accounts are only used in accrual basis accounting. They are not used in cash basis accounting.

Similar Terms

A valuation account is also known as a valuation reserve or contra account.

Related Courses

Bookkeeper Education Bundle 
Bookkeeping Guidebook 

Here’s How to Improve Your Credit Score Faster

by Paul Sisolak @ Chime Banking

Thu Mar 08 14:44:08 PST 2018

Good things may come to those who wait, but time isn’t on your side if you’re struggling to raise your credit score quickly. More than 30 percent of Americans have poor credit, and if you’re one of them it can be hard to improve it. Many people aim for a credit-building secured credit card, but it could […]

The post Here’s How to Improve Your Credit Score Faster appeared first on Chime Banking.

Wells Fargo Banking Promotions: $200 Checking Bonus

by Jim Wang @ Wallet Hacks

Wed Mar 14 04:00:49 PDT 2018

Banks need accounts. You need more cash. How about $200 to open a Wells Fargo Everyday Checking account and making it your main bank account? That's what Wells Fargo is willing to do if you're willing to open an account, deposit $25+ make 10 posted purchases or payments each month for 3 consecutive months. It's […]

The post Wells Fargo Banking Promotions: $200 Checking Bonus appeared first on Wallet Hacks.

Ask Lucas 026: What are the Best Digital Signature Tools for a Rental Lease?

by @ Ask Lucas : Q&A for Landlords

Tue Dec 01 06:56:27 PST 2015

Blake from Maryland is wants to sign a lease with a remote applicant who is currently living in Texas. Will a digital signature hold up in court and what are the best tools to digitally sign a lease?

How to Turn a Tax Refund Into a Fatter Paycheck

by Tina Orem @ NerdWallet

Fri Mar 23 12:34:45 PDT 2018

Getting a tax refund may seem great, but tax pros say it’s also a sign two things could be happening: You may not be doing enough tax planning, and you…

Nonprofit accounting

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:55:00 PDT 2018

Nonprofit accounting refers to the unique system of recordation and reporting that is applied to the business transactions engaged in by a nonprofit organization. A nonprofit entity is one that has no ownership interests, has an operating purpose other than to earn a profit, and which receives significant contributions from third parties that do not expect to receive a return. Nonprofit accounting employs the following concepts that differ from the accounting by a for-profit entity:

• Net assets. Net assets take the place of equity in the balance sheet, since there are no investors to take an equity position in a nonprofit.
• Donor restrictions. Net assets are classified as being either with donor restrictions or without donor restrictions. Assets with donor restrictions can only be used in certain ways, frequently being assigned only to specific programs. Assets without donor restrictions can be used for any purpose.
• Programs. A nonprofit exists in order to provide some kind of service, which is called a program. A nonprofit may operate a number of different programs, each of which is accounted for separately. By doing so, one can view the revenues and expenses associated with each program.
• Management and administration. Costs may be assigned to the management and administration classification, which refers to the general overhead structure of a nonprofit. Donors want this figure to be as low as possible, which implies that the bulk of their contributions are going straight to programs.
• Fund raising. Costs may be assigned to the fund raising classification, which refers to the sales and marketing activities of a nonprofit, such as solicitations, fund raising events, and writing grant proposals.
• Financial statements. The financial statements produced by a nonprofit entity differ in several respects from those issued by a for-profit entity. For example, the statement of activities replaces the income statement, while the statement of financial position replaces the balance sheet. Both for-profit and nonprofit entities issue a statement of cash flows. Finally, there is no nonprofit equivalent for the statement of stockholders' equity, since a nonprofit has no equity.

Related Courses

Nonprofit Accounting 

LitePay folds after Litecoin Foundation refuses to contribute more funds

by Peter Terlato @ finder US

Tue Mar 27 10:18:48 PDT 2018

Litecoin approached LitePay regarding transparency issues. Soon after, the payments company shut down.

Report: Draft bill would allow credit reporting agencies, banks to conceal data breaches

by Craig Johnson @ clark.com

Mon Mar 26 13:37:24 PDT 2018

As we have chronicled over the past several months, congressional scrutiny of the Equifax data breach has ebbed and flowed with the headlines.

Lasting consumer protections have been hard to come by for various reasons. But one of the more …

Benefits of Shopping With TruCash

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Fri Mar 09 11:16:35 PST 2018

For 16 years TruCash has been helping members earn more and do more with their rewards, just by shopping at their favourite brands. Now, we are pleased to announce the new-and-improved TruCash...

The post Benefits of Shopping With TruCash appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

Consumers Union Criticizes USDA for withdrawing animal welfare standards for food labeled organic

by Michael McCauley @ Consumers Union

Mon Mar 12 15:54:41 PDT 2018

Rule requiring outdoor space was set to go into effect on May 14    WASHINGTON, D.C. – Consumers Union, the advocacy division of Consumer Reports, criticized the U.S. Department of Agriculture for being out of step with food consumers by  withdrawing its rule today requiring organic producers to abide by strong animal welfare standards.  The implementation […]

Ask Lucas 024: Do I Have To Fix That Window?

by @ Ask Lucas : Q&A for Landlords

Wed Sep 16 06:00:07 PDT 2015

Leah is asking about a landlord’s responsibility to fix issues that might affect habitability verses cosmetic issues.

Ask Lucas 021: Why Don’t You Collect Last Month’s Rent?

by @ Ask Lucas : Q&A for Landlords

Mon May 18 05:30:18 PDT 2015

Ryan asks about last month's rent, and why Lucas doesn't ever collect it. Is there a better way to provide security against a tenant who abandons the last month's payment?

Ask Lucas 018: What’s the Best Way to Split Shared Utilities in a Multifamily Property?

by @ Ask Lucas : Q&A for Landlords

Thu Apr 02 05:16:10 PDT 2015

Elise from Utah asks about her seemingly high gas utility bill. The landlord manages the shared utilities, and it doesn't seem accurate. What's the utility responsibility of multifamily residents, and what is the best way to divide it among the units?

How to Calculate a Raise

by Rachel Gray @ Payroll Tips, Training, and News

Wed Mar 14 05:10:09 PDT 2018

Employees have money on their minds. According to a Gallup poll, 59% of employees were not completely satisfied with their current pay. And, one SHRM survey found that 44% of respondents said they would leave their job to make more money elsewhere. To avoid losing their top employees, many businesses offer pay raises. Learn why employee […]

The post How to Calculate a Raise appeared first on Payroll Tips, Training, and News.

Dollar Store Guide to Health and Wellness: Five You Should Buy, Six You Should Skip

by Makenzi Wood @ Wallet Hacks

Thu Mar 15 04:00:56 PDT 2018

Ahh, the dollar store. In an age where prices are soaring, it’s the beacon of thrifty shopping options for people looking to save a buck. While you can easily score cheap party decorations and glass bowls at the dollar store, it can be tough to know what is and isn’t a good deal when it […]

The post Dollar Store Guide to Health and Wellness: Five You Should Buy, Six You Should Skip appeared first on Wallet Hacks.

Clark Howard 3.27.18

by @ clark.com

Tue Mar 27 14:00:00 PDT 2018

Topics: Amazon drone delivery developing sophistication; How changing the credit card you use can make a positive impact; Small business websites are really prone to hackers

Learn more about your ad choices. Visit megaphone.fm/adchoices…

Ask Lucas 015: Handling Abandoned Personal Property and a 25-year-old Desk

by @ Ask Lucas : Q&A for Landlords

Tue Mar 10 06:05:19 PDT 2015

Sue has a tenant who is leaving behind a 25-year-old desk. What does she need to do in order to prepare the unit for the next tenant, while complying with laws on abandoned person property in California?

DCR Strategies’ Book Drive For The Children’s Book Bank Toronto Charity A Page-Turning Success

by trucash123 @ DCR Strategies Inc. | TruCash Payment Solutions

Thu Mar 15 12:19:56 PDT 2018

DCR Strategies teamed up with The Children’s Book Bank, a charitable organization whose mission is to provide free books and literacy support to children, to host a special book drive in order...

The post DCR Strategies’ Book Drive For The Children’s Book Bank Toronto Charity A Page-Turning Success appeared first on DCR Strategies Inc. | TruCash Payment Solutions.

Achieve the Dream of a College Education with the Maryland 529 Save4College Program

by Jim Wang @ Wallet Hacks

Mon Mar 19 06:01:14 PDT 2018

College is expensive. I graduated with $35,000 in student loan debt. Some graduate with hundreds of thousands of dollars in debt. I never had access to a 529 plan. I started college in 1998 and they were created in 1996 as Section 529 of the Internal Revenue Code. Even if we knew about it, it […]

The post Achieve the Dream of a College Education with the Maryland 529 Save4College Program appeared first on Wallet Hacks.

Ask Lucas 019: Can I Split Utilities by the Number of People in Each Unit?

by @ Ask Lucas : Q&A for Landlords

Mon Apr 06 12:09:41 PDT 2015

Danielle asks a follow-up question to episode 18. Wouldn't it be better to split the utilities by the number of people in each unit, rather than square footage, and what are the pros and cons of doing so?

Should You Offer a Nonqualified Deferred Compensation Plan?

by Mike Kappel @ Payroll Tips, Training, and News

Mon Mar 26 05:10:00 PDT 2018

You know employees like employer-sponsored benefits. As an employer, offering benefits is advantageous for your business, too. A nonqualified deferred compensation plan is one type of benefit that both you and your employees can enjoy. Find out what a nonqualified deferred compensation plan is, why you might consider offering it, and how to set it […]

The post Should You Offer a Nonqualified Deferred Compensation Plan? appeared first on Payroll Tips, Training, and News.

Buying prescription glasses online

by Clark Howard Staff @ clark.com

Sun Mar 25 21:00:00 PDT 2018

Did you know you can get prescription glasses for $15? Well, you can and Clark has all the info just for you!

How to Save Money When You Get a Windfall of Cash

by Jackie Lam @ Chime Banking

Mon Mar 19 16:02:11 PDT 2018

Ah, there’s nothing quite like receiving a windfall of money. It may come by way of an unexpected inheritance, a work bonus or a job promotion. And depending on how you spend it, that sweet bit of extra cash may leave you feeling either relaxed or stressed out. While it’s tempting to spend it immediately, […]

The post How to Save Money When You Get a Windfall of Cash appeared first on Chime Banking.

You can buy almost anything at Walmart…why not a used car, too?

by Theo Thimou @ clark.com

Mon Mar 26 13:24:17 PDT 2018

Used car buyers have historically been faced with a lot of both hazard and opportunity.

The hazard comes into the equation because used cars come with a history and you don’t want to be buying someone else’s headache.

But the …

Big tipper? Find out which states are most and least generous with gratuities

by Craig Johnson @ clark.com

Fri Mar 23 11:01:44 PDT 2018

If you’re like many Americans, you may feel that what you tip at a particular restaurant has everything to do with the service you’re getting – but that may not necessarily be the case. A recent study shows which region …

Why the ‘official bank’ of your campus is likely the wrong bank to do business with

by Theo Thimou @ clark.com

Fri Mar 23 06:45:00 PDT 2018

Chances are your school has forged an "official bank of..." relationship with some bank. And while that partnership may be in the university's best interest, it's seldom in your best interest!

Ask Lucas 008: How Do Online Rent Payments Work?

by @ Ask Lucas : Q&A for Landlords

Thu Aug 21 06:48:54 PDT 2014

Ted from New Mexico has been collecting paper rent checks for years and is wondering if online rent payments would be a better option for him. However, he's not quite sure how it works, and what the benefits are.

Urban Decay announces its fun summer collection, Beached

by Amanda Swan @ finder US

Wed Mar 28 08:12:06 PDT 2018

The Beached collection includes metallic liners, two bronzers, three long-wear lipsticks and shadow palette.

Price to book ratio

by Steven Bragg @ Articles - AccountingTools

Wed Mar 28 04:53:00 PDT 2018

The price to book ratio compares the current market price of a company's stock to its aggregate book value. When the ratio is excessively high, it can indicate that a company's shares are over-priced, especially when the ratio is high in comparison to the same calculation for other companies in the same industry. The calculation is:

Closing price of the stock ÷ (Total assets - Intangible assets - Liabilities)

Investors like to use the price to book ratio to search for undervalued companies, and invest in their stock in hopes of having the share price return to a more normal level over time. However, there are a number of issues with the ratio to be aware of, including the following:

• The ratio could be low because the company has been mismanaged, in which case there can be no expectation that the ratio will improve over time.
• The ratio could skewed too high because the company is using accelerated depreciation to write down the value of its fixed assets at an accelerated rate.
• The company may have valuable intellectual property that does not appear on its balance sheet at all, but which is being recognized by investors through a high market price for its stock.
• The company may be investing a large amount in research and development costs, which must be charged to expense as incurred, rather than capitalized. This tends to result in a comparatively low book value for the business.
• The ratio is not overly useful when evaluating services firms and technology companies, since these entities have comparatively fewer fixed assets on their balance sheets.

Related Courses

Business Ratios Guidebook 
The Interpretation of Financial Statements 

Ask Lucas 031: Should I Charge a Pet Fee or Pet Deposit, and How Much?

by @ Ask Lucas : Q&A for Landlords

Fri Nov 18 16:02:00 PST 2016

Sharon from California wants to allow pets in her rentals. However, she's not sure what kind of pet fees or pet deposits she should ask the tenant to pay. Lucas gives his recommendation, and some additional tips for handling pets.

Illinois Senate OKs bill to make security freeze protection free for consumers

by Michael McCauley @ Consumers Union

Wed Mar 14 11:30:22 PDT 2018

Consumers Union calls on Governor Rauner to sign identity theft bill into law  SPRINGFIELD, IL – The Illinois Senate approved legislation today that enables Illinois residents to use security freeze protection for free to prevent identity thieves from opening new accounts or lines of credit using stolen information.  The bill has already been passed in […]

Ask Lucas 001: Introducing Ask Lucas!

by @ Ask Lucas : Q&A for Landlords

Sat May 31 17:16:01 PDT 2014

I'm so excited to share with you the newest feature of Landlordology; Ask Lucas! In this inaugural episode, I talk about its purpose to provide a bite-sized question and answer forum for landlords, tenants, and property managers. I'm happy to share what I've learned as a profitable landlord. Let's do this together!