Unrealized gains and losses (aka “paper” gains/losses) are the amount you are either up or down on the securities you’ve purchased but not yet sold. Generally, unrealized gains/losses do not affect you until you actually sell the security and thus “realize” the gain/loss....

This team ensures our clients are registered correctly and that everything is running smoothly with their sales tax compliance. Today, LedgerGurus is a successful company with a flexible work environment and a passion to help ecommerce businesses grow by providing expert accounting services....

The content on this website is provided retained earnings statement “as is;” no representations are made that the content is error-free. For example, even if you retain earnings to invest in a major marketing campaign, you need enough cash on hand to execute...

While accountable plans are certainly the norm, some companies choose to forego one in favor of a nonaccountable plan. A company may choose this route for various reasons, such as a desire to minimize record-keeping. Under a nonaccountable plan, reimbursements count as wages...

This method of costing is essential as per the accounting standards to produce an inventory valuation captured in an organization’s balance sheet. Absorbed cost calculations produce a higher net income figure than variable cost calculations because more expenses are accounted for in unsold products,...