Going-Concern Assessment, Explained: Can Your Business Pay Its Bills for the Next Year?
Under ASC 205-40, management must test whether the business can pay its bills for a year after issuance — and disclose substantial doubt either way.
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Loans
Track and manage business loans, interest, and repayment schedules
Loan Amortization Schedule: How Each Payment Splits Into Interest and Principal
Interest is charged on the balance you still owe, so early payments are interest-heavy. Build the schedule, model prepayments, and book the split.
Notes Payable vs. Accounts Payable: What Changes When a Supplier Bill Becomes a Signed Promise
Accounts payable is short-term supplier credit; notes payable is signed, interest-bearing debt split into current and long-term portions.
Refund Anticipation Loans and Refund Advances, Explained: What a 0% Tax-Time Loan Really Costs
A 0% IRS refund advance still costs the prep fee you paid to qualify — and you owe the full advance if your refund comes in short.
Secured vs. Unsecured Loans: What Your Collateral Buys You — and What It Risks
Secured loans cost roughly half as much as unsecured ones — but the lender can seize your collateral and sue for any shortfall.
Simple vs. Compound Interest: Formulas, Compounding Frequency, and What Each Costs Borrowers and Pays Savers
Compound interest charges principal plus past interest; simple interest charges principal only — $10,000 at 5% costs $1,576.25 one way, $1,500 the other.
Deed in Lieu of Foreclosure, Explained: How Owners Hand the Keys to the Lender and Skip the Auction
A deed in lieu ends the mortgage without an auction, but the IRS taxes forgiven debt as income — get the deficiency waiver in writing first.
Callable Debt and Covenant Violations, Explained: When Your Long-Term Loan Lands in Current Liabilities
A covenant breach at the balance sheet date makes long-term debt callable — and callable means current, even if the lender never demands payment.
Lithia Q3 2026 Earnings: $13.22 EPS Built on Buybacks, Not Operations
Lithia's Q3 2026 EPS jumped 54% to $13.22 while operating income fell 0.3% and adjusted net income 5%: buybacks and an $88.8M Pinewood gain did the work.
Negotiable Instruments, Explained: What Makes a Check, Note, or Draft Negotiable Under UCC Article 3
A check or note is negotiable when it passes UCC Article 3's six tests — and clean paper lets a buyer collect free of the original deal's disputes.
Quitclaim Deed vs. Warranty Deed: What Each Transfer Actually Promises, the Six Title Covenants, and Why Your Lender Insists on a Warranty
A warranty deed warrants clean title back through every prior owner; a quitclaim warrants nothing — which is why lenders fund only the first.
No Credit History? How to Build Your First Score From Nothing
A secured card, a credit-builder loan, or authorized-user status builds your first FICO score in about six months — paid on time, every time.