Recording Capital Expenditures: A Guide for Businesses

How do you record capital expenditures? Accounting for a Capital Expenditure. A capital expenditure is recorded as an asset, rather than charging it immediately to expense. It is classified as a fixed asset, which is then charged to expense over the useful life of the asset, using depreciation. Read more on www.accountingtools.com Capital expenditures (CAPEX) … Read more

Should a Barber be a Sole Proprietor?

Should a barber be a sole proprietor? Barbers who work as independent contractors will probably start out operating as a sole proprietorship. In fact, you don’t have to do anything but earn extra income to operate as a sole proprietorship. The income becomes part of your business activities, which you report on Schedule C of … Read more