To close your income statement accounts, create a special T-account titled income summary. Credit the revenue and debit the expenses to the income summary account to clear out the balances in the ...

It's hard to plan when you're not sure what's happening next. How President Donald Trump's changes to Social Security are ...

UISD's associate superintendent recently discussed the impact of SB 2, stating it may drain millions from public schools ...

Today marks the final date for bill settlements, cheque issuance under both operational and development budgets ...

The city needs to either find or cut at least $2.3 million more to fully close the gap. Even then, the city council would ...

Close to 600 nursing homes across the nation could face increased risk of closure under proposed Medicaid cuts in the Republican budget bill, with the high-risk facilities disproportionately located ...

Account reconciliation made simple: what it is, how it works, and the types you need to know to close your books confidently.

As the new era of college sports officially begins, we take a look at how Ohio State is approaching revenue sharing, NIL, ...

Many agents are moving to brokerages with revenue share models. Five agents told HousingWire how they’ve built large ...

How to Allocate Revenue. Business use either a cash or accrual accounting system to allocate incoming revenue and exiting expenses in the company books. The cash system requires the reporting of ...

Using this model, about 75% of a school’s revenue sharing cap will go to the football program, with about 15% going to men’s basketball, 5% to women’s basketball, and 5% for other sports.

Closing a bank account isn’t difficult, but big banks sometimes charge you for it. Here’s how to close a bank account without paying unnecessary bank fees.