Margins are metrics that assess a company’s efficiency in converting sales to profits. Different types of margins, including operating margin and net profit margin, focus on separate stages and aspects of the business. Gross margin gives insight into a company’s ability to efficiently control its production costs, which should help the company to produce higher

The School Tax Relief (STAR) exemption applies to owners of residential property who use their properties as their primary residences. STAR offers an exemption for a portion of a home’s value from school taxes. Several tax credits are available for expenses such as child and dependent care costs. The latest IRS and Census data show

The accrual adjustment will debit the current asset account Accrued Receivables and will credit the income statement account Accrued Electricity Revenues. At the end of the month, when the company receives payment from its customers, receivables go down, while the cash account increases. If companies incurred expenses (i.e., received goods/services) but didn’t pay for them