Frequently there are additional criteria such as minimum expenditure thresholds, minimum useful life (in years), non-recurring nature or other requirements. A capital project is a multi-year, large-budget effort that aims to improve existing infrastructure, create new infrastructure, or make some […]

Gross income in business is the total company sales minus the cost of goods sold. This number is what investors look at when assessing a potential company. In business, net income, also called net profit, is the money a company […]

Following a detailed guide to the accounting cycle, it should take business days to close a month. For bigger companies with complicated operations, it might take up to 30 days. By splitting tasks among key accounting roles, the process stays […]