Bookkeeping

Illiquidity Private credit loans are illiquid due to the lack of a secondary market. There is limited market discovery, and investors acquiring these loans should expect to hold them to maturity or face steep losses in need of an emergency exit. The existing framework of tracking the non-performing loans around the balance sheet date does […]

But how do you know when to debit an account, and when to credit an account? Debits and credits are two of the most important accounting terms you need to understand. This is particularly important for bookkeepers and accountants using double-entry accounting. Due to its nature, the accounts payable businesses of a company appear under

“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Let us take an example of a cloth brand that wants to expand into skincare products. Following

There can be negative financial implications for the debtor and the creditor when multiple late payments occur. A payment in arrears has occurred when a payment is made to a supplier later than the terms of the arrangement under which goods or services were to be purchased from the supplier. The amount in arrears is

Each catch-up payment you send after the period it is due is a payment in arrears. There might be times when regular payment is behind because it is overdue. When the customer does not send one month’s payment on time, their next payment is made in arrears. Vendors who bill in arrears do not send

At JL Wennes CPAs in Carlsbad, California we help you plan for the future, from mapping out a plan to save for college to helping you make big decisions about retirement. Completing your taxes and business consulting are our specialty too. Choose a CPA team that cares about your financial success, so you can spend