Section 1231 Property: Definition, Examples, and Tax Treatment

However, it pays you for any costs you incur in traveling to the various sites. The use of your own automobile or a rental automobile is for the convenience of Uplift and is required as a condition of employment. Whether the use of listed property is a condition of your employment depends on all the […]

What Are the Different Accounting Methods?

Forensic accounting is a type of accounting that focuses on auditing and investigating businesses and individuals to search for cases involving fraud and embezzlement. Forensic accountants often work for law enforcement agencies and insurance companies, analyzing financial records and accounts. Nevertheless, businesses looking to combine the two methods can opt for modified cash-basis accounting. This […]

Debits And Credits Cheat Sheet: An Accounting Guide for 2023

By recording all the transactions in a single sheet, businesses can keep track of their income and expenses, which helps them understand their financial status. In short, balance sheet and income statement accounts are a mix of debits and credits. The balance sheet consists of assets, liabilities, and equity accounts. In general, assets increase with […]

How do you calculate net purchases in accounting?

A long straddle, for instance, involves purchasing both a call and put at the same strike price and expiration for the same underlying. The net option premium would thus be the addition of the call’s and put’s individual premia. The net options premium can also help the trader tweak the strategy to arrive at a […]

The TEN Steps Of Medical Billing Process Cycle Tips

Confirm that you’re speaking to the right rep. In some cases, the rep might ask you to share information about your practice to ensure a HIPAA-compliant exchange. Once a secure connection establishes, the operator will release patients’ insurance details. To submit a paper claim manually, enter all the necessary information on the CMS form required. […]

Income Statement Analysis: How to Read an Income Statement

It was arrived at by deducting the cost of revenue ($52.23 billion) from the total revenue ($168.09 billion) realized by the technology giant during this fiscal year. Just over 30% of Microsoft’s total sales went toward costs for revenue generation, while a similar figure for Walmart in its fiscal year 2021 was about 75% ($429 […]