What Is an Outstanding Check? Outstanding Checks 101

In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies. Outstanding checks aren’t necessarily inherently bad; however, there are some risks and downsides to have checks linger. For a business, this...

How To Prepare An Income Statement

My Accounting Course  is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Indirect expenses like utilities, bank fees, and...

How to Calculate Net Income Formula and Examples

Net interest expense is one type of non-operating expense, but it’s listed as a line item in a multi-step financial statement. You can look that the net profit formula a step further by looking at the income statement. For instance, if you don’t what the total...

How to Calculate and Pay Estimated Business Taxes

Corporations must deposit the payment using the Electronic Federal Tax Payment System. For additional information, refer to Publication 542, Corporations. If you receive a paycheck, the Tax Withholding Estimator will help you make sure you have the right amount of tax...

The Difference between Bookkeeping and Accounting

In particular, the big four firms of Ernst & Young, Deloitte, KPMG, and PricewaterhouseCoopers offer larger salaries than mid-size and small firms. Depending on the city, you can expect to earn between $40,000 and $60,000 your first year as a Big Four accountant....