Category: Bookkeeping

Nine Steps In The Accounting Cycle?

Content Accountant Credentials Get The Right Accounting Software How Do The Balance Sheet And Cash Flow Statement Differ? Is bookkeeping a dying profession? For many bookkeepers the statement that they “will need to adapt to change in order for their … Read More

What Is Accounting Software?

Content What Is Accounting Software? Do I Have To Pay Separately For The Mobile App? What Problems Will Zoho Books Solve? It is also the holder of ourGreat User Experience for 2019. Generally, it can be described as an intuitive … Read More

Cash Vs Accrual Accounting

Content Analyze Cash Flow The Easy Way Which Method Should Your Business Use? The Sale And The Account Payable From Buyer’S Viewpoint Business Is Our Business Why Is Accrual Accounting Important? Analyze Cash Flow The Easy Way Some less-than-fully-honest firms … Read More

Financial Dictionary

Old Methods Bring Weak Results In times of rising prices, inventory profits are said to occur under the FIFO cost flow assumption. This occurs because under FIFO, the release of (older/newer), (higher/lower) costs to the income statement results in (higher/lower) … Read More

Unrealized Gains And Losses

Content Understanding The Difference Between Revenue And Profit Other Comprehensive Income Vs Realized Income Revenues Not Recognized At Sale What Is Other Comprehensive Income? Unrealized Gains (Losses) This includes foreign currency exchange hedges that aim to reduce the risk of … Read More

Old School Membership Bonds

But these numbers show that no crash occurred even in the unfavorable conditions of that time period. Investors who remained in the bond market more than made up for this period of weakness with the strong returns that occurred in … Read More

Contribution Margin

Consider performing an annual review of your business’s profit and loss (P&L) statement, also known as the income statement. Your P&L statement shows your revenue and expenses, with the difference being net income or loss. This means that 50% of … Read More

Lease Definition

Financial leasing is an arrangement whereby the owner of an asset grants use of it to a customer in exchange for periodic payments covering the cost of use plus interest and financial charges, which are tax deductible. With an open-end … Read More