Recent content by danisjohn

A tariff is a tax imposed by a government on imported or exported goods. It raises the cost of foreign products, encouraging consumers to buy domestic alternatives. Tariffs protect local industries, generate revenue, and influence trade policies but can also lead to higher prices and potential...

Accrued interest is the amount of interest that has accumulated on a loan, bond, or investment but has not yet been paid or received. It represents the cost of borrowing or the earnings from lending between payment dates and is recorded as an adjusting entry in financial accounting.

Accurate BambooHR pricing isn’t published online—it’s customized based on factors like your headcount and selected features (Core/Core or Pro/Advantage/Early tiers). Estimates range between $12–22 per employee per month, with a one-time implementation fee around 5–15% of annual cost. Contact...

NetSuite is a cloud-based enterprise resource planning (ERP) platform that helps businesses manage finances, customer relationships, e-commerce, and operations in one integrated system. Companies use it to streamline accounting, inventory, HR, and sales processes, enabling real-time data...

Payroll is the process by which employers pay their employees for work done. It includes calculating wages, withholding taxes, and distributing payments. Payroll also involves maintaining records of earnings, deductions, and benefits. Accurate payroll ensures employees are paid correctly and on...

Inflation distorts financial statements by increasing costs and asset values, reducing purchasing power. Accounts most affected include inventory, fixed assets, and expenses like wages and materials. It can lead to overstated profits if not adjusted, impacting decision-making and financial...

Cash basis accounting records income and expenses only when cash is received or paid. Accrual basis accounting records revenues and expenses when they are earned or incurred, regardless of cash flow. Accrual provides a more accurate financial picture, while cash basis is simpler and used by...

To delete your Cash App account, open the app and tap your profile icon. Select “Support,” then “Something Else,” and choose “Account Settings.” Tap “Close my Cash App Account” and confirm. You’ll receive a confirmation email or text. Be sure to withdraw all funds before closing your account.

A Chief Financial Officer's (CFO) salary varies by company size, industry, and location. In the U.S., average base salary ranges from $150,000 to $500,000 annually. With bonuses, stock options, and benefits, total compensation can exceed $1 million at large corporations.

An income statement includes revenues, expenses, gains, and losses. It shows net income or net loss over a specific period. Key components are sales revenue, cost of goods sold, gross profit, operating expenses, operating income, interest, taxes, and net earnings. It reflects business profitability.

Business insurance protects against financial loss from accidents, lawsuits, or natural disasters. It ensures legal compliance, builds credibility with clients, safeguards employees, and helps operations recover quickly after unexpected events. Without it, a single incident could disrupt or...

ABC Bakery’s Q2 2025 financial statement shows $50,000 in revenue, $30,000 in expenses, and a $20,000 net profit. Assets total $75,000, liabilities $25,000, and owner’s equity $50,000. Cash flow from operations was $15,000, reflecting steady growth and strong financial health for the quarter.

Short‑term capital gains are taxed as ordinary income. Long‑term capital gains apply at 0%, 15%, or 20%, depending on your taxable income—plus a possible 3.8% Net Investment Income Tax for high earners, bringing the top rate to 23.8%.

A Chief Financial Officer (CFO) oversees a company’s financial strategy, planning, and reporting. Responsibilities include budgeting, forecasting, risk management, and ensuring regulatory compliance. The CFO also advises on investment decisions, cost control, and financial performance. They...

Cryptocurrency is popular due to its decentralized nature, potential for high returns, and growing acceptance in mainstream finance. It offers quick, borderless transactions and appeals to those seeking alternatives to traditional banking. Innovations like blockchain technology also boost its...