Bookkeeping

Calculating overtime pay is usually easiest with hourly employees who have a single rate of pay and no additional compensation. Following FLSA rules, multiply the regular rate of pay by 1.5 and multiply the result by the total number of overtime hours worked. While the standard rate applies broadly, certain industries may have specific rules […]

When you issue bonds at a discount, you receive less money than the bond’s face value. Over time, the discount on bond payable balance is reclassified into bond interest expense. The issuer received less cash than the face amount of the bond, so the discount increases interest expense. Companies in the U.S. issued $1.3 trillion

Want to manage multiple financial tools without juggling a dozen tabs? While users frequently praise FreshBooks for being easier to use than QuickBooks, it isn’t without its own frustrations. There were several complaints that the software’s frequent UI changes and feature removals can make it feel like you’re constantly adapting to a moving target. The