In my last post, I went over book accounting and tax accounting. Now let’s take a look at how each views leasing. The first point I want to make is the one overriding factor that any business needs to determine is their goals for a lease first, then they should choose a lease that best meets their needs.… Read More »
Here’s something that’s a surprise to many non-businesspeople: There are actually two different accounting methods, and most successful businesses will compile reports and similar using both. The two accounting methods are: Book Accounting (which could simply be called “accounting”) utilizes Generally Accepted Accounting Principles (GAAP), whose rules are set by the Financial Accounting Standards Board (FASB). Tax Accounting… Read More »
I’ve had leasing equipment on my mind lately. Even though I’m quite schooled on the advantages of leasing equipment and I’ve spoken about it in this blog previously, I never really expressed just how flexible it is, and how it could help companies of any size, no matter their goals. I also never really got into the accounting… Read More »
One thing I noticed in my job as an equipment financing specialist is the fact that people (and businesses) can be very predictable. Time and time again, the same patterns emerge – enough for me to notice and write a blog post about it. Today I’ll talk about a trend that plays out month after month, quarter after… Read More »