Archivo de la categoría: Bookkeeping

Due to the nature of double-entry accrual accounting, retained earnings do not represent surplus cash available to a company. Rather, they represent how the company has managed its profits (i.e. whether it has distributed them as dividends or reinvested them … Sigue leyendo →

The best property management software maximizes efficiency, convenience and ROI for property managers, occupants and investors. Yardi software produces these outcomes by automating business processes, consolidating data and enabling execution of all operations from a single platform. You can work … Sigue leyendo →

This level of stock indicates the maximum figure of inventory quantity held in stock at any time. Its calculation is not a difficult task, but you will first need to make another formula, referring to the average daily consumption of … Sigue leyendo →

In a retail business, the income summary is used as a temporary account to close revenues and expenses. When the credit balance of the revenue account and the debit balance of the expenses account are transferred to the summary account, … Sigue leyendo →

Buyers want to minimise risks, and any sign of a lack of transparency or incomplete information can make them withdraw or try to renegotiate the purchase price. If you identify possible issues in advance, you will be able to solve … Sigue leyendo →

However, it will be a cost burden to the company since you need to have more space in the warehouse for that excess stock and pay a salary to the laborers handling the inventory. To calculate the demand average, you … Sigue leyendo →

When a publicly traded company in the United States issues its financial statements, the financial statements have been audited by a Public Company Accounting Oversight Board (PCAOB) approved auditor. The PCAOB is the organization that sets the auditing standards, after … Sigue leyendo →

Therefore, it is important for businesses to carefully consider the pros and cons of a periodic inventory system before deciding to utilize it. Ultimately, the decision should be based on the company’s individual needs and budget. The debit, merchandise inventory … Sigue leyendo →

Assets are resources a company owns that have an economic value. Assets are represented on the balance sheet financial statement. Some common examples of assets are cash, accounts receivable, inventory, supplies, prepaid expenses, notes receivable, equipment, buildings, machinery, and land. … Sigue leyendo →

Connect and map data from your tech stack, including your ERP, CRM, HRIS, business intelligence, and more. Sync data, gain insights, and analyze performance right in Excel, Google Sheets, or the Cube platform. Bad debt expense represents the money that … Sigue leyendo →