When the lease term is done, the liability is complete because you paid the entirety of the lease. On the other hand, the mortgage for the property is a liability in your books. The property you purchase is a long-term asset that you can grow in value over the years you own it. The cost of the property is spread out over Catch Up Bookkeeping time instead of one year. Treasury Management It’s...

The accounting equation, whether in its basic form or its expanded version, shows the relationship between the left side (assets) and the right side (liabilities plus capital). It also shows that resources held by the company are coupled with claims against them. Like the basic accounting equation, the expanded accounting equation shows the relationships among the accounting elements. In the expanded...

The house I reside in is diligently and thoughtfully run by 2 house managers who take a genuine interest in the welfare and progress of the residents. I can attest that I was able to bring both problems and challenges to them and was met with understanding, concern, and most importantly, solutions both realistic and attainable. I write this recommendation for Eco because the house has inspired in me a new...

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