Bearer bonds were extremely popular at one point in time in the United States. However, because of the anonymity and various security threats that they pose, the US government has cracked down on bearer bonds and made them virtually obscure today. As such, the future remains uncertain for these bonds, and the current trajectory even […]

Condensed financial statements document and calculate assets and liabilities for temporary recording using the financial data available on a year-to-date basis. The contribution margin income statement only includes variable expenses in the cost of goods sold, and pushes all fixed production costs lower down in the report. This makes it easier to discern the contribution […]

Accountants help businesses understand the bigger picture of their financial situation. Double-entry bookkeeping records all transactions twice, usually a debit and a credit entry. Typically, double-entry bookkeeping uses accrual accounting for liabilities, equities, assets, expenses and revenue. Bookkeeping is the process of keeping track of a business’s financial transactions. These services include recording what money […]