What Is Accrued Rental Income? Rental Income Rental income is the payment received from the leasing of a property. It is the money a landlord receives in exchange for allowing a tenant to use their rental property. Rental income is…
Accounting For Insurance Proceeds Insurance Insurance is an important financial tool that provides protection against a variety of risks and events. It is a contract between the policyholder and the insurer that guarantees a sum of money in the event…
What Is A Contra Expense? Key Takeaways Contra expenses are a unique type of expense account that offsets another expense. They are recorded in a contra-expense account in the general ledger and help balance the books and track transactions between…
What Is Diversifiable Risk? Diversifiable risk is the potential price change of security due to its specific characteristics, distinct from overall market risk. This type of risk can be caused by factors such as changes in competition, changes in the…
What Is A Control Cycle? Key Takeaways The control cycle is essential for successful business operations as it minimizes risks of errors, fraud, and mismanagement. The control cycle promotes accountability and prevents fraud, ensuring compliance with laws and regulations. The…
Are Expenses Appear On The Balance Sheet? Key Takeaways Expenses incurred by a business are not typically reflected on the balance sheet. Expenses are accounted for on the income statement. The balance sheet provides an overview of a company’s assets…
Accounting For Unearned Rent Accounting for unearned rental income is a critical part of ensuring the accuracy of financial records. This article will provide an overview of rental income, unearned rental income, and the process of accounting for unearned rental…
Airbnb Payment Gateway Airbnb is an online marketplace that enables people to list, discover, and book accommodations around the world. Through its payment gateway, Airbnb provides a safe and secure platform to facilitate payments between guests and hosts. Guests can…
Is Stripe Payment Safe? Key Takeaways Stripe Payments is a reliable and secure payment processing platform. Stripe complies with the highest payment security standards, including PCI-DSS compliance and encryption. The platform offers advanced security measures such as two-factor authentication and…
Is It Safe to Make My Business PayPal Account Public? PayPal is an online payment platform that enables users to securely send and receive money. It is a convenient way for people to make transactions without having to use cash.…
Can I Zelle to Myself? What Is Zelle? Zelle is a mobile payment application for peer-to-peer money transfers developed by over 30 major U.S. banks. It allows users to quickly and securely transfer money to friends, family, and businesses. Users…
Does eBay Accept Venmo? eBay Overview eBay is an American multinational e-commerce company founded by Pierre Omidyar in 1995. It facilitates consumer-to-consumer and business-to-consumer sales and is based in San Jose, California. eBay became a notable success story of the…