Boilerplate code Wikipedia

by | Nov 3, 2022 | Bookkeeping

This is commonly found in the information technology sector, where coders update existing code to make changes to webpages. Boilerplate is any text, documentation, or procedures that can be reused more than once in a new context without any substantial changes to the...

Adjusting Entry for Depreciation Expense

by | Aug 5, 2022 | Bookkeeping

Businesses also follow the double-entry system of accounting, which holds that every transaction has an equal and opposite effect in at least two different places. According to the double-entry system, entries will also be made in a so-called contra asset account. The...

Gross profit percentage definition

by | Feb 4, 2022 | Bookkeeping

By nature, industries in the financial services sector, such as accounting, have higher profit margins than industries in the foodservice sector, such as restaurants. Profit margins are very dependent on the industry in which a business operates. Business owners make...

Debt Service Coverage Ratio DSCR: A Calculation Guide

by | Oct 8, 2021 | Bookkeeping

In most cases, global DSCR is typically only requested of small business owners, which may sometimes include small multifamily and commercial real estate investors. Understandably, lenders will want a more in-depth analysis of the DSCR for these transactions to...