Business and Personal Finance: Don’t Forget Amortization

Standard Operating Expenses – Don’t Forget Amortization Amortization expense is similar to depreciation, except it works only for intangible assets. This expense measures decline in the value of those assets over time. How do intangible assets decline in value? Well, they don’t wear out or rust, but some of them, such as patents, have specific … Read more

Business and Personal Finance: When a Sale Is Not a Sale

Recording Your Revenues – When a Sale Is Not a Sale Sometimes a sale does not stay a sale. This can happen when a customer returns whatever he bought, or a trade customer asks for a special allowance on wrong or substandard merchandise. At some point, you have probably returned something to a store (or … Read more