Practical guides on accounting, invoicing, bookkeeping, and business finance — written for operators who want fewer surprises at month-end.
If you have decided to start a company, you must be aware of certain things to sustain your company financially. Shares and Issuance of shares is one that can come with the incorporation and may have ...
Ratio analysis can provide insight into companies performance by comparing its performance and financial health over time. At the same time, it assesses how well a company performs in comparison to ot...
Long-term investment decisions are made through capital budgeting. It is most certainly a company’s most important financial decision and it is selecting projects and investments that increase a compa...
The goodwill of any company is considered an intangible asset. Business goodwill is connected with business acquisitions, and it can be recorded when the purchase price is greater than the combination...
Amortization is writing down the loan's value and intangible assets like goodwill, trademark, copyright, etc. It is similar to depreciation, but this term is for intangible assets.
In general, businesses or clients open a current account with a bank, conduct transactions, and record them in a bank column of their cashbook. In addition, the bank creates a separate account in its ...
It's crucial to look at how companies use depreciation, which can account for a large number of a company's owners on the financial report and have a short-term impact on the value of an opportunity t...
A cash book is a particular type of book that is only concerned with the recording of transactions of an organization. Cash account performs the binary role of both journal and a ledger for all the ca...
Cash basis accounting is fundamental to the accounting process which recorded the total revenue when cash is received. Cash accounting is all about cash transactions.
One of the critical responsibilities of business owners and accountants is selecting an accounting technique to record transactions. Accrual-based accounting is one of two major accounting procedures ...
The accounting equation is the most important part of the accounting process. The dual accounting technique is used in the accounting equation which means total assets must be equal to all the liabili...
The post-closing trial balance is the ninth (and last) step of the accounting cycle. It can be prepared before the new accounting period begins and helps to prepare your general ledger for the new acc...
