So in the past the choice has been to go broke keeping an accountant on payroll, or wing it and try to do your own accounting. And Brittany Brown, founder and CEO of LedgerGurus, saw an opportunity to provide a better solution. As the Chief Operating Officer at LedgerGurus, Stephen is focused on growing and […]
Of the different options mentioned above, a company often has the option of accelerating depreciation. This means more depreciation expense is recognized earlier in an asset’s useful life as that asset may be used heavier when it is newest. For example, a business may buy or build an office building, and use it for many […]
Create an expenses and income Microsoft Excel spreadsheet to help manage your personal finance. This credit card is not just good – it’s so exceptional that our experts use it personally. It features a lengthy 0% intro APR period, a cash back rate of up to 5%, and all somehow for no annual fee! Types […]
In short, it’s interest on interest and speeds up the growth of your investments. More frequent compounding periods means greater compounding interest, but the frequency has diminishing returns. This example shows the interest accrued on a $10,000 investment that compounds annually at 7% for four different compounding periods over 10 years. How Much Money Do […]