This report is one of a series on the adjustments we make to convert GAAP data to economic earnings. Reported earnings don’t tell the whole story of a company’s profits. They are based on ...

Creating accurate financial statements is an inevitable part of doing good business, especially if your business has investors. Each financial statement serves a different function and provides ...

Intangible assets are non-physical assets on a company's balance sheet. These could include patents, intellectual property, trademarks, and goodwill. Intangible assets could even be as simple as a ...

If your business spends money on an intangible asset such as a patent or trademark, set up the asset in QuickBooks as you would a fixed asset. Create a fixed asset account, an accumulated amortization ...

This guideline provides guidance for capitalization, depreciation/amortization and construction in progress of capital assets purchased, constructed or developed ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Eric's career includes extensive work in both public ...

Understand depreciation expense vs. accumulated depreciation and their impact on financial statements and asset valuation.