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What effect would electronic funds transfer systems have on float?

Availability Float and Electronic Payments Companies can reduce an availability float by moving to an electronic payment system, as this reduces the relia...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What does it mean when a seller takes back a mortgage?

The vendor take back mortgage allows the seller of the home to lend money to the buyer for the purchase of their own property. The property has to be owne...

How do I record a new car purchase in QuickBooks?

How to Record a Vehicle Purchase in QuickBooks Online? First of all, open your QuickBooks online account. Then add the item of fixed asset in your account...

Do I need two checking accounts?

The number of bank accounts you really need is up to your personal spending, but traditionally, just two accounts – checking and savings – will do. There ...

What are the journal entries called that close these accounts?

Closing entries, also called closing journal entries, are entries made at the end of an accounting period to zero out all temporary accounts and transfer ...

Do I need a business to start an LLC?

You don’t need an LLC to start a business, but, for many businesses the benefits of an LLC far outweigh the cost and hassle of setting one up. You can als...

How do I withdraw money from my ING account?

How do I withdraw funds from my ING Save Account? You can transfer the amount you want to withdraw to your ING Pay Account. Using your ING Pay Debit Card,...

What is your estimated arrival?

The estimated time of arrival (ETA) is the time when a ship, vehicle, aircraft, cargo, emergency service or person is expected to arrive at a certain plac...

Do you get 1 dividend per share?

Dividends Per Share (DPS) Shareholders are usually allowed one vote per share and do not have any predetermined dividend amounts. Dividends per share is c...

Do you have to pay taxes on income from a LLC?

The IRS charges income tax, minus any deductions, on your company’s earnings for the year. Your income doesn’t get taxed a second time. If your business e...