How to Void a Check: A Step-By-Step Guide

How to Void a Check: A Step-By-Step Guide

This is because anyone can fill it out and withdraw money from your bank account. A simple rule to remember would be to treat checks like cash. This is why employers ask for a voided check to set up direct deposit, not a blank one. Employers often use voided checks to...
The 8-step accounting cycle: A beginners guide

The 8-step accounting cycle: A beginners guide

With accrual accounting, a company records income when completing a service or delivering goods rather than when payment is received. Transactions can be more complex in the accounting world because businesses may make a deal today that won’t be...
10 Accounting Tips for Small Business Owners 2023

10 Accounting Tips for Small Business Owners 2023

Remember that each transaction is assigned to a specific account that is later posted to the general ledger. Posting debits and credits to the correct accounts makes reporting more accurate. Financial transactions are business activities that involve money, such as...
Book Value per Share Formula How to Calculate BVPS?

Book Value per Share Formula How to Calculate BVPS?

In this case, each share of stock would be worth $0.50 if the company got liquidated. The BVPS is a conservative way for investors to measure the real value of a company’s stocks, which is done by calculating what stockholders will own when the company liquidates and...
The 7 Benefits of Forming a Corporation

The 7 Benefits of Forming a Corporation

The purpose of an LLC is to protect its members from any liability. If the company fails to meet its obligations, then creditors can target only the LLC, not the assets of the members. However, there are certain situations in which an LLC can be automatically...