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Unit-of-Production Depreciation Method Explained & Examples
In that case, the calculation is the same, with the software depreciating by $33 each year and worth $66 after one year, $33 after two years and $0 after three years. The journal entry is a debit to Depreciation Expense and a credit to the contra asset Accumulated Depreciation. In the last year of depreciation, […]
13 Top Accounts Payable Automation Software for 2025
Additionally, built-in compliance controls prevent duplicate payments or unauthorized transactions. By standardizing workflows and providing real-time visibility into the AP process, automation minimizes errors while enabling teams to focus on higher-value tasks. BILL (formerly Bill.com) is a cloud-based platform that simplifies and automates financial operations for small and medium-sized businesses. It focuses on accounts payable […]
Real Estate Property Management Accounting 2025: Master Growth
Handling the finances for multiple properties can be difficult as each property may have its own revenue streams, expenses, and financial reports that must be tracked separately. For instance, rent payments, maintenance costs, and property taxes must be recorded accurately for each property to prevent allocation errors. Likewise, managing multiple bank accounts and ensuring proper […]