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Yardi users may have noticed a nice surprise when logging into Yardi Client Central recently. Our solutions increase efficiency and reduce costs for a global client base of public, private and nonprofit organizations. Markets we serve include commercial, multifamily, single family housing, self storage, student housing, senior housing, coworking, affordable housing, PHA, military housing, airports […]
Xero vs QuickBooks 2024 Comparison
Users can run payroll anytime, and the teams will get paid on time or the same day through direct deposit. Xero allows companies to set up sales tax rates to calculate sales tax automatically. Users can also generate sales tax summaries, edit tax rates whenever needed, and prepare tax reports for return. Xero also has […]
Sum of Years’: Digits Accelerated Depreciation Method
On the other hand, the sum of years’ digits can be determined by totaling the digits in every year of the fixed asset’s useful life. For example, if the fixed asset has 5 years of useful life, the sum of years’ digits can be determined to be 15 (5 + 4 + 3 + 2 […]
Cost Behavior Analysis: Understanding Fixed Costs, Variable Costs, and Mixed Costs
For decision making, semi-variable costs can help to compare the profitability of different alternatives, such as make or buy, outsourcing, or special orders. For performance evaluation, semi-variable costs can help to measure the efficiency and effectiveness of a manager or a department, by comparing the actual and budgeted costs. The relevant range is the range […]
Operating Leverage: What It Is, How It Works, How to Calculate
Looking back at a company’s income statements, investors can calculate changes in operating profit and sales. Investors can use the change in EBIT divided by the change in sales revenue to estimate what the value of DOL might be for different levels of sales. This allows investors to estimate profitability under a range of scenarios. […]
Sole Proprietors and Business Licenses: What to Know
A significant advantage of a sole proprietorship is the lack of bureaucracy and the quickness of making and executing decisions. The sole proprietor is in control of the business decisions and their implementation. His decisions don’t have to be approved by a board of directors or shareholders, so the sole proprietor has the right to […]
Accounting, Consulting Services for Construction Companies
The Complete plan builds on the first two plans by centralizing complex processes and allowing businesses to have complete control of projects from beginning to end. We dug into 14 of the top construction accounting software platforms on the market and found these 10 to be the best. Our ratings consider starting price and the […]
Prepaid Insurance: Definition, How It Works, Benefits, and Example
Prepaid insurance is considered a prepaid asset because it benefits future accounting periods. It relieves them of the monthly premium expense, and in doing so, reduces their costs, while at the same time still conferring the benefit of having coverage for the business. Prepaid insurance is nearly always classified as a current asset on the […]
Prepaid Insurance: Definition, How It Works, Benefits, and Example
Prepaid insurance is considered a prepaid asset because it benefits future accounting periods. It relieves them of the monthly premium expense, and in doing so, reduces their costs, while at the same time still conferring the benefit of having coverage for the business. Prepaid insurance is nearly always classified as a current asset on the […]
What Is A Pay Stub & What Should It Include?
Invoices are mostly issued by independent contractors to request payment from clients for the provided services. Pay stubs, on the other hand, are issued by companies as a part of a payroll process. Finding the right employees for your business may help determine the direction your organization will take for years to come. Nearly half […]