Certified Payroll: What It Is, Form, Definition, Template, Meaning

Posted on June 8, 2023 By John

Certified payroll is crucial for contractors or subcontractors working on government-funded projects. Employee compensation records are the exact details of how much each worker is paid for their work on a project. The purpose of certified payroll is to ensure workers are paid fairly and in compliance with wage laws. …

Momentum in the Option Market, Part 2

Posted on June 7, 2023 By Harbourfront Technologies

Momentum is a widely observed phenomenon in the stock market that refers to the tendency of stocks that have exhibited strong price performance in the past to continue performing well in the future, and vice versa. The momentum effect suggests that stocks experiencing upward price trends tend to attract further …

Pro Forma Income Statement: Template in Excel, Definition, vs Regular Income Statement, Format

Posted on June 6, 2023 By John

An income statement is a financial statement that shows a company’s revenues, expenses, gains, and losses over a specific period. It reflects the company’s ability to generate profits by comparing revenues with expenses. Similarly, it helps evaluate profitability, cost management, and overall financial performance by revealing the net profit or …

How to Calculate Overtime For Semi Monthly Payroll

Posted on June 5, 2023 By Maria Deneuve

For many employers, semi-monthly payroll is an efficient method for paying their employees. However, calculating overtime pay under this method can be complex. It’s essential to get the calculations right to avoid legal issues and ensure employees are paid fairly. However, it’s not that difficult once it’s understood – it’s …

Personal Balance Sheet: Example, Template, Definition, Format in Excel, Sample

Posted on June 4, 2023 By Harbourfront Technologies

What is a Personal Balance Sheet? A personal balance sheet is a financial statement that provides a snapshot of an individual’s financial situation by presenting their assets, liabilities, and net worth at a specific point in time. It provides a comprehensive overview of what a person owns and owes and …

Revised Depreciation: Formula, Definition, Method, Equation

Posted on June 3, 2023 By John

Depreciation refers to the systematic allocation of the cost of a tangible asset over its estimated useful life. It is an accounting method used to recognize and distribute the expense of a resource over time. Depreciation helps match the asset’s cost with the revenue it generates and considers factors such …

Exponential Depreciation: Definition, Formula, Calculation, Example, Equation, Meaning

Posted on June 2, 2023 By John

Manufacturing and construction companies typically use the exponential depreciation formula when calculating the depreciation of their fixed assets. For companies that make long-term investments in large equipment and machinery, it’s important to use a formula that considers how the value of the asset decreases with time. This way they can …

Are Expenses Liabilities? What Are the Differences?

Posted on June 2, 2023 By Maria Deneuve

In the realm of accounting, it is crucial to distinguish between expenses and liabilities, as both terms play distinct roles in financial reporting. Expenses and liabilities are fundamental concepts that reflect different aspects of a company’s financial position. In this blog post, we will delve into the differences between expenses …

How to Balance a Balance Sheet

Posted on June 1, 2023 By John

A balance sheet is a financial statement that presents a snapshot of a company’s financial position at a specific moment. It has three main components: assets, liabilities, and shareholders’ equity. Assets represent what the company owns, liabilities represent its obligations, and shareholders’ equity represents the residual interest of shareholders in …

Can ChatGPT Predict the Stock Market?

Posted on May 31, 2023 By Harbourfront Technologies

ChatGPT is a large-scale language model developed by OpenAI. It utilizes state-of-the-art deep learning techniques to generate human-like text responses based on the input it receives. Trained on a diverse range of internet text, ChatGPT has a vast knowledge base that allows it to understand and respond to a wide …