Archivo de la categoría: Bookkeeping

As you can see, the report format is a little bit easier to read and understand. Plus, this report form fits better on a standard sized piece of paper. The failure of trade deficits to balance has many causes, with … Sigue leyendo →

Improve Receivables Collection – If you have a significant amount of accounts receivables, improving your collection process can also help improve your acid-test ratio. By collecting payments faster, you’ll have more cash available to pay off current liabilities. It helps … Sigue leyendo →

The totals indicate that ASI has assets of $9,900 and the source of those assets is the stockholders. The accounting equation also shows that the corporation has assets of $9,900 and the only claim against the assets is the stockholders’ … Sigue leyendo →

It also means the balance sheet will report assets such as accounts receivable and interest receivable when the amounts are earned (as opposed to waiting until the money is received). In short, the accrual method of accounting results in a … Sigue leyendo →

This amount is typically calculated as a percentage of the policy’s cash value. If the cash surrender value changes during the year, the change will reduce or increase insurance expense for the year, as shown by the following journal entry. … Sigue leyendo →

The amount paid by the acquirer over the net value of the target’s assets and liabilities is considered goodwill, which is kept on the balance sheet and amortized yearly. Net purchases, in accounting, mean the total amount of purchases made … Sigue leyendo →

For example, the United States Department of Agriculture keeps a close eye on how the relationship between farmland assets, debt, and equity change over time. This tells you that 40.7% of your firm is financed by debt financing and 59.3% … Sigue leyendo →

Popular platforms for LLC bookkeeping include QuickBooks, FreshBooks, and Xero. Cash method is when expenses are deducted when paid and cash is received. Accrual method is when business expenses are recorded when the product or service is received and income … Sigue leyendo →

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. You can generate a catalog of your brands and collections for … Sigue leyendo →

Additionally, the length of the loan is determined by the purchase price and interest rate. If you have an excellent credit rating, you will qualify for a great interest rate on a car loan. However, this does not mean that … Sigue leyendo →