April 12, 2024
What Are Billable Hours? A Guide for Lawyers
If you review missing time once a month, it is very easy to lose track of time (literally).…
Bookkeeping
April 12, 2024
Billable Hours: A Small Law Firm’s Guide to Maximizing Time and Profits
It’s as simple as starting the timer and stopping it when you’re done. The amount charged to clients…
September 20, 2023
T Accounts A Guide to Understanding T Accounts with Examples
A T-account is an informal term for a set of financial records that uses double-entry bookkeeping. The term…
September 19, 2023
T-Account: Definition, Example, Recording, and Benefits
The debits for each transaction are posted on the left side while the credits are posted on the…
December 20, 2022
Gross Profit vs Net Income: What’s the Difference?
When it comes to individuals, net income can be defined a few different ways. For an employee, net…
December 19, 2022
How to Calculate Net Income Formula and Examples
Though certain tax credits or deductions may closely relate to gross profit, government entities are more interested in…
September 30, 2022
Gross Margin: Formula, Definition, and How to Calculate
The Ascent, a Motley Fool service, does not cover all offers on the market. This includes any discounts,…
September 28, 2022
Goodwill Entire Firm and Components Approach Valuation
If there is no impairment, goodwill can remain on a company’s balance sheet indefinitely. The opposite can also…
December 28, 2021
Debt-To-Total-Assets Ratio Definition, Calculation, Example
A high debt-to-assets ratio could mean that your company will have trouble borrowing more money, or that it…
December 27, 2021
Debt Service Coverage Ratio Calculator DSCR
The lender may require you to demonstrate the property’s ability to cover the debt from the mortgage using…