Bookkeeping

Making Intangible Assets Work for Your Business

Content Common examples Recording intangible assets Intangible Resource Types of Companies With Intangible Assets An additional difficulty lies in the fact that traditional financial accounting standards are inadequate for the financial valuation of intellectual capital. Hence, most financial valuation methods and accounting standards focus on specific intangible resources. As highlighted in the literature (for example …

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What Every Small Business Owner Needs to Know About Payroll Taxes

Record the name and SSN of each employee exactly as they are shown on the employee’s social security card. If the employee’s name is not correct as shown on the card, the employee should request a new card from the SSA. This may occur if the employee’s name was changed due to marriage or divorce. …

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Accounting for Construction in Process

Content Why Is Construction-in-Progress Accounting Necessary? How to Calculate Work in Progress Accounting For Construction In Progress – Explained Accounting Guide for Construction Contractors Definition of Construction Work-in-Progress Once the work on the asset under construction is complete, the company can transfer the amount to the assets account. Under the IAS 11.8, if a construction …

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