Bookkeeping

Federal Reserve leaves interest rate unchanged as it waits for Trump economic policy to take hold

The Fed also sets the “federal discount rate,” which is the interest the Fed charges banks when they borrow from the Federal Reserve itself. Employment growth strengthened in November through January and the unemployment rate declined to 6.6%. While past interest rate cuts have boosted what are interest rates and how does interest work demand …

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The Accounting Equation: What It Is & The Effects of Common Transactions

Assets are reported on a company’s balance sheet and comprises various asset types such as intangible assets, financial assets, fixed assets and current assets. In this article, we take a deep dive to understand the core attributes of the accounting equation, its role in day to day transactions and how it plays a crucial role …

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No-BS Guide To Horizontal Analysis Formulas And Examples

In horizontal analysis, the changes in specific financial statement values are expressed as a percentage and in U.S. dollars. To calculate the percentage change, first select the base year and comparison year. Subsequently, calculate the dollar change by subtracting the value in the base year from that in the comparison year and divide by the …

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Client Bookkeeping Solutions CBS : Software For Success

Mailchimp is an email marketing platform where you can create and send email campaigns. The software has evolved beyond email marketing, offering additional features such as audience management, marketing automation, and website building. Bookkeeping solution play a pivotal role in enhancing the operational efficiency and financial health of businesses across industries. Use HubSpot’s CRM tool …

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Budgeting Basics: Income VS Expenses

Governments must carefully balance their income and expenditure to ensure they are providing essential services while avoiding excessive debt. It is also important to understand the tax implications of expenses and income and the timing of these transactions. The tax implications of expenses and income differ, with expenses typically reducing taxable income, while income is …

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