Bookkeeping

Patients at low-risk for fracture should be considered for drug discontinuation after 3 to 5 years of use. Patients who discontinue therapy should have their risk for fracture re-evaluated periodically. If you have Paget’s disease, it is especially important that you take the directed amount of calcium and vitamin

Depreciation recapture can be a useful approach to saving on taxes when it comes to capital assets. Whether your assets classify as rental property or equipment, you’ll be able to generate realized gain, and possibly even capital gains tax benefits, as long as your asset’s sale price exceeds its

If you don’t know who made the payment, look at your outstanding customer invoices and find which one matches the payment amount. Contact the customer to verify that it’s their payment and the right invoice. If the credits in the trial balance are larger than debits, record the difference

Where it is the latter, the costs may be capitalised if they meet the recognition criteria and any replaced parts are derecognised. Only subsequent expenditure which can provide an incremental benefit should be capitalised. In other words, the subsequent expenditure enhances the economic benefits expected to flow from the

The disposal value is a numeric amount that equates to how much the asset is worth at the date of its deposition. It is recommended to consult an accountant or financial advisor for guidance. This ensures records are accurate and helps with making decisions about replacements and investments. Therefore,

Gross profit can also be a misnomer when considering the profitability of service sector companies. A law office with no cost of goods sold will show a gross profit equal to its revenue. Gross profit may indicate a company is performing exceptionally well but must be mindful of the