Actual Amount

  
  • In accounting, Actual Cost refers to the amount of money that was paid to acquire a product or asset. This could be the historical, past, or present-day cost of the product. This is not the budgeted or forecasted costs that management has anticipated as they might include vendor expenses like the costs of delivery, set up and testing.
  • A loan calculator that easily calculates the payment amount (or term, interest rate, or the amount you can borrow). The '360' settings is 'Actual/360.'
  • Examples of actual amount in a sentence, how to use it. 19 examples: Thus, it is very possible to give away more than half the actual amount.

Actual cash value is the depreciated value of an item of property at the time of the loss. This type of settlement does not allow you to replace what you've lost. Rather, it compensates you for the value of the item as if it was being sold at a garage sale. Actual amount means, for each Settlement Period, the actual liquidation proceeds obtained for the repossessed financed vehicles during such Settlement Period upon the liquidation of the repossessed financed vehicles, as reported on the related Settlement Statement.' Sample 1 Sample 2 Based on 2 documents.

Many small business owners think of budgeting as a non-essential task, something they'll get to when they have time. These leaders, who operate their businesses without a formal strategic financial plan, are doing themselves a major disservice, as it can be impossible to consider how far their company has come, when they have no starting point or means of tracking progress.

Rather than fly by the seat of their pants, these business leaders need to conduct a budget vs. actual comparison. This process involves using financial data to assess how closely a company's spending and generated revenue meets the financial forecasting projections included in its budget. By taking the time to conduct this comparison, business leaders can determine the following: whether there are areas that need more funding; whether the budget is realistic; and whether they are on pace to meet their long-term objectives.

Below are a few tips for understanding budget vs. actual comparison.

What are reasons for the variances?

There are several reasons why there will discrepancies between the budget and the actual amount for expenditures and revenues. These differences can occur because of the strength of the economy, consumer needs or preferences and the actions of competitors. Because these factors can be unpredictable, it's important for small businesses to reflect on the exact cause or causes that resulted in the variance.

How can small business owners interpret the variances?

Creating a budget vs. actual comparison is extremely important for small businesses because it allows them to alter their future financial forecasts based upon the numbers collected in the monthly reports. Small business owners can see where the budget can be improved, as well as parts of the budget that were very accurate. Through better planning, monitoring, evaluating and controlling, small business owners can improve their processes after analyzing the budget vs. actual comparison.

What can be done about the variances?

Depending upon how the actual results compared to the budget, small business owners can make the necessary adjustments to their budget. Whether it be modifying ongoing expenditures or strategies, or cutting back spending on marketing and advertising, small business owners need to use this informative data to improve their budgeting strategies and enhance their operations. However, small business owners should be sure not to overreact and change their budget drastically based on temporary factors that will affect a business for only a short period of time.

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Actual Amount Of Stimulus Check

If you look at a T5, one sees that taxable dividend amounts are greater than the actual dividend amounts. So, the government considers the actual dividends paid out to you less than what should be taxed. Why is that?

Actual Amount Paid

Actual

The reason is that there should be only one level of taxes. In other words, you shouldn’t tax the same loonie multiple times. When a company makes money, it pays taxes on that income. Then, when it pays out a dividend with this after-tax income the shareholder has to pay taxes on it. That means two levels of taxation on the same dollar! That’s not fair. It would also discourage Canadians from investing in Canadian companies.

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In the shareholder’s hands the government considers the actual dividends (cash paid out) and then the dividends that would be paid as if they were never taxed. Using the latter, that is the shareholder’s income. And that income will be taxed. Personal taxes will be higher because ‘taxable dividends’ (i.e. pretending tax at corporate level never happened) are higher than actual dividends. This means higher income, and more tax paid.

Actual

How is that fair? Well, in addition to the above, there is a Dividend Tax Credit that credits the shareholder for the tax the company already paid. To sum up, the government pretends the taxation at the company level never happened (taxable dividends). Then the government credits for tax paid by the company. It is complex, but that complexity is how the government tries to make everything as equitable as possible.