Bookkeeping

What are Dividends in Arrears?

Until then, they remain on the company’s balance sheet as dividends in arrears. If a company cannot make its dividend payments, they don’t simply disappear. The expectation is that the company will resume making dividend payments when it’s able. For example, companies issue a prospectus to shareholders that gives information about dividend payments. However, companies can’t always issue the dividends they promise, even to preferred shareholders. These dividends accumulate over time and must be paid out before any dividends can [...]

Best Apps to Track Expenses

Over time, they learn from your corrections and preferences, improving the accuracy of categorization. Choosing the best Expense Monitoring App requires consideration of several factors to ensure it the 5 best expense tracker apps of 2023 meets your specific needs. A well-designed app should offer a seamless experience, allowing you to navigate and input data effortlessly. Additionally, consider the app’s compatibility with your financial institutions to ensure smooth synchronization of transactions. According to YNAB, new users save an average [...]

QuickBooks Training Classes in Pittsburgh-Downtown, PA

Each QuickBooks training online we offer provides the training a person will need to understand and use the program to its maximum possibilities. If you need QuickBook classes near me and have a corporate group, we can send an instructor to your office for QuickBooks in person training. Check out our course outlines for detailed Intuit QuickBooks training topics we cover like initial setup, chart of accounts, vendors, clients, transactions, and more. The amount of time it will take you [...]

What Are Stock Loans and How Do They Work? A Complete Guide

If one party fails to deliver stock to you it can mean that you are unable to deliver stock that you have already sold to another party. In order to avoid the costs and penalties that can arise from settlement failure, stock could be borrowed at a fee, and delivered to the second party. When your initial stock finally arrived (or was obtained from another source) lender would receive back the same number of shares in the security they [...]

What Are Stock Loans and How Do They Work? A Complete Guide

If one party fails to deliver stock to you it can mean that you are unable to deliver stock that you have already sold to another party. In order to avoid the costs and penalties that can arise from settlement failure, stock could be borrowed at a fee, and delivered to the second party. When your initial stock finally arrived (or was obtained from another source) lender would receive back the same number of shares in the security they [...]

Securities lending Wikipedia

The lenders, when issuing loans, stand to lose if the value of collateralized security falls as the market value of the security is bound to move according to the market factors which are out of control. In such a case, the value of the security offered to secure loans does not guarantee in the long run. For example, it's possible that you won't get paid back after lending out your securities. Many brokerages try to limit this risk by [...]

Recording Common Stock Dividend Journal Entry Accurately

All information published on this website is provided in good faith and for general use only. Any action you take based on the information found on cgaa.org is strictly at your discretion. CGAA will not be liable for any losses and/or damages incurred with the use of the information provided. Impact on Financial Statements For 2025, several fund providers have rolled out even more tax-efficient fund structures specifically designed to minimize dividend distributions or convert them to more tax-advantaged forms. In [...]

The Ultimate Guide to Rental Property Accounting 2023 Edition

The expense of property improvements has to be capitalized and depreciated over several years instead of deducted in the year paid. On the other hand, repairs are treated as maintenance expenses and deducted from the year’s income. Reports created from a real estate bookkeeping system can also be generated based on a specific date range, such as monthly, year-end, or trailing 12 months. If you pay wages to the employees working on-site, like managers and maintenance people, you can [...]

Top Rental Property Management Mistakes to Avoid for Landlords

The balance sheet shows the assets, liabilities, and equity of the rental property as of a specific date. Let’s dive into the specifics of property accounting so you can get your financial records in order. Keep a few things in mind when setting up your rental bookkeeping system. There are many different software programs available, as well as paper-based systems. Choose the one that will work best for you based on your needs and preferences. Accounting & Payments Some applications are [...]

How to Set Up a Law Firm Chart of Accounts

This article is purely information and applies specifically to U.S. practices. It should not be used to represent or replace legal, business, or tax advice. Below is a breakdown of what each category means and how to implement each into your firm’s accounting chart. In this blog, we will be telling you about the meaning and importance of chart of accounts. We will also bookkeeping be telling you about the importance and benefits of integrating the chart of accounts [...]