Our award-winning energy management systems reduce HVAC costs and ensure regulatory compliance without reducing comfort. By connecting business intelligence at the investment, operations and financial levels, our platforms drive value for funds holding real estate assets. The best property management software maximizes efficiency, convenience and ROI for property managers, occupants and investors. Yardi software produces […]
Continue ReadingThe cycle includes the time to purchase or produce inventory, sell it, and collect payment. An operating cycle refers to the number of days it takes for a company to convert its investment operating cycle formula in inventory, accounts receivable (A/R), and accounts payable (A/P) into cash. The post-closing trial balance is prepared after the […]
Continue ReadingEasily generate expense reports and save a digital copy of all your receipts in case of audit. The app also allows users to identify missing paperwork or unmatched transactions, and export data as PDF or CSV files. Dext Prepare offers a Boost feature for prioritizing urgent tasks and can automate the creation of expense reports […]
Continue ReadingIn the first year, Pensive Oil extracts 100,000 barrels of oil from the well, which results in a depletion charge of $150,000 (100,000 barrels x $1.50 unit depletion charge). Depletion is an accrual accounting technique used to allocate the cost of extracting natural resources such as timber, minerals, and oil from the earth. Depletion is the reduction […]
Continue ReadingBenfotiamine (S-benzoylthiamine O-monophoshate) is a synthetic S-acyl derivative of thiamine (vitamin B1). In an animal study, it has been found that chronic alcohol consumption in rats resulted in a significant depletion in thiamine diphosphate (TDP), the active coenzyme form of thiamine. Supplementation with benfotiamine significantly increased concentrations of TDP and total thiamine compared with supplementation […]
Continue ReadingReal estate management software is technology that makes asset and property management easier. It helps landlords, investors, leasing agents, maintenance technicians and other real estate professionals track and execute projects and data more efficiently. It also makes renting easier for tenants because it allows them to make payments, sign leases, request support and otherwise manage […]
Continue ReadingThis profit can be carried into future periods in an accounting balance called retained earnings. While revenue focuses on the short-term earnings of a company reported on the income statement, retained earnings of a company is reported on the balance sheet as the overall residual value of the company. Revenue provides managers and stakeholders with […]
Continue ReadingYes, examples and solutions for bank reconciliation are available online and in accounting textbooks. It is recommended to seek guidance from a qualified accountant or bookkeeper to ensure accuracy. Since you’ve already adjusted the balances to account for common discrepancies, the numbers should be the same. Errors in the cash account result in an incorrect […]
Continue ReadingOne of these is that revenues are earned either by various projects or contracts with a long timespan. These situations can make it difficult to decide when revenues should be recognized. In addition, gaining practical knowledge of construction-specific software like construction accounting or project management software can be a significant advantage. As a construction accountant, […]
Continue ReadingAfter providing a few basic details about your business — name, type, currency you use, address — you’ll have instant access to your free account. David Axler is the Chief Strategy Officer, focusing on formulating, communicating, and fulfilling Wave’s initiatives and future goals. With over five years at Wave, David brings an enthusiastic leadership style […]
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