Liability Account Example, Types, Advantages, Disadvantages

Popular custodial account options include Uniform Gift to Minor Act (UGMA) accounts and Uniform Transfers to Minors Act (UTMA) accounts. Although these accounts operate similarly, the kind of assets they hold varies. For example, UGMAs are limited to liquid assets like cash and stocks, whereas UTMAs can hold alternative investments like real estate...

What Is the Accounting Equation Formula?

The monthly trial balance is a listing of account names from the chart of accounts with total account balances or amounts. Total debits and credits must be equal before posting transactions to the general ledger for the accounting cycle. This article gives a definition of accounting equation and explains double-entry bookkeeping. We show formulas...

How to Calculate Cash Flow in Real Estate

This is the required rate of return on real estate, net of value appreciation or depreciation. The cap rate helps investors estimate the resale value of a property investment when it reaches the end of its holding period. Put simply, it is the rate applied to NOI to determine the present value of a...

THE BEST 10 Accountants in HILLSBORO, OR Updated December 2023

Check out the average hourly rate for accounting services in your area. After graduation, Kim worked for a large firm in Portland, before leaving https://www.bookstime.com/ to explore the private sector. She had a young family and was looking for flexibility and professional growth which she didn’t find in private. Michael is a ‘Career Changer.’ In...