- August 4th, 2014
- Comments Off on How to Choose from the Different Kinds of Partnerships
Many great ideas stem from collaborative efforts. In such circumstances, your company will likely be structured as a partnership, meaning that two or more people share ownership of the business. When people come together as business partners, they are required to all contribute to the company in terms of money,…
- July 31st, 2014
- Comments Off on What is Managerial Accounting?
When your company is made up of multiple departments that work together toward a common goal, it’s integral to your company’s success that the department heads remain on the same page as one another. Your department heads will likely come across different elements while overseeing daily operations that could be…
- July 30th, 2014
- Comments Off on What are Accounts Payable?
What are accounts payable? An account payable is a financial obligation that a company has to pay a supplier for goods or services that it has received in advance of payment. Oftentimes, a company that frequently orders goods and services from another company will establish a line of credit with…
- July 28th, 2014
- Comments Off on What are Accounts Receivable?
There are plenty of accounting terms you need to know as a business owner. Ever found yourself wondering “what are accounts receivable?” At JRH & Associates, we’re here to help you answer your accounting-related questions! Accounts receivable is money owed to a company by customers for the goods or services…
- July 24th, 2014
- Comments Off on Accounting Terms You Need to Know
In order to understand our future discussions of accounting, it’s important to lay the foundation of accounting terms you need to know. Check out the beginning of our list of basic accounting terms. More Accounting Terms You Need to Know Capital: The financial value of all of your company’s assets,…
- July 23rd, 2014
- Comments Off on Basic Accounting Terms Explained
In order to start a conversation about accounting, it’s important to clarify what certain industry terms mean in order to establish a universal understanding. After all, what good would it be to discuss these things if we weren’t all on the same page with regard to the terminology? It certainly…
- July 21st, 2014
- Comments Off on How the IRS Targeting Scandal was Exposed
What was the chain of events that led up to the IRS targeting scandal, and how was it all uncovered? We’ve put together a timeline of the events so that you can better understand the news that is currently circulating! After the decision made in Citizens United v. Federal Election…