Main Tips and Tricks on How to Create a Cryptocurrency With Ease

You might need to educate potential users about the benefits of your cryptocurrency, partner with businesses or platforms to increase its usage, or run promotional campaigns to attract new users. This involves starting your blockchain network, allowing users to make transactions, and possibly conducting an ICO. You’ll also need to market your cryptocurrency to attract […]

Risk-Weighted Assets: Definition and Place in Basel III

This is because, whether you are investing in banking stocks or taking a low-risk route and investing in fixed deposits, the bank’s credit risk could impact you. Following the global financial crisis, the BCBS introduced the Basel III framework, which aimed to strengthen the capital requirements of banks. Basel III requires banks to group their […]

Amazon Seller Accounting 2024: How to Start Easy FBA

The balance sheet provides a snapshot of your business’s financial position at a specific point in time, showing your assets, liabilities, and equity. This requires a robust accounting system that can handle the complexities of ecommerce inventory management. Manual accounting can be prone to errors, such as data entry mistakes. A low turnover implies weak […]

Risk-weighted assets RWAs definition

Collateral changes the game for a high-risk asset because the collateral can be sold to recover the capital. For example, if a bank extends a loan to a business against its office building, if the business is unable to repay the loan, the bank can sell the office building and recover its funds. Risk-weighted assets […]

A Guide to Amazon Seller Bookkeeping

I will definitely invest in another batch of inventory and continue to build this brand. Whether you’re an e-commerce business or accountant, our software helps get rid of your bookkeeping headache and allows you to focus on growth.Made in the UK by ex e-commerce sellers and accountants. There are various accounting software options available that […]

Accounting for Intangible Assets: Amortization & Useful Life

Materiality refers to the significance of an amount, transaction, or discrepancy. If the patent costs are substantial relative to the company’s overall financial position, capitalizing them can prevent a sudden impact on the income statement, which could distort financial performance metrics. Conversely, if the costs are relatively minor, expensing them might be more straightforward and […]

Capitalizing vs Expensing Patent Costs: Financial & Tax Impacts

The duration of this protection is typically 20 years from the filing date of the patent application, thereby allowing the company time to recoup its investment. During this period, the costs of maintaining the patent—through renewal fees—fall on the company to ensure ongoing exclusivity. Legal fees and registration costs are the initial outlays a biotechnology […]