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September 17, 2021

Charles Lutwidge
Consolidated Financial Statements

Consolidated Financial Statements

Due to the impact of many objective factors (growth of business complexity, the need to diversify risks, the possibility of tax optimization, etc.), many entrepreneurs have a real need for the simultaneous development of many areas of activity, formation of many..

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August 29, 2021

Charles Lutwidge
What Is Prepaid Rent?

What Is Prepaid Rent?

Definition Prepaid expenses are payments for goods or services rendered after the date of payment. Typically, such services are consumed in the near future in the normal course of business, but you might also come across prepaid expenses that will stay..

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August 28, 2021

Charles Lutwidge
LLC Accounting: Basics and Requirements

LLC Accounting: Basics and Requirements

Overview LLCs are by far the most popular entity type amongst small businesses. When you are setting up a business entity, you are setting up a small business and you need to run it like a real business, including doing proper..

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August 27, 2021

Charles Lutwidge
A Simple Explanation of Sales Revenue with Examples

A Simple Explanation of Sales Revenue with Examples

Overview Revenue is the simplest metric for assessing the health of a company. Each leader analyzes its size, calculates other absolute and relative performance indicators on the basis of this value, and forms a development strategy. Revenue is the main source..

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August 02, 2021

Charles Lutwidge
A Simple Guide for How to Write Off Bad Debt

A Simple Guide for How to Write Off Bad Debt

Overview We all strive to maximize our satisfaction and surround ourselves with the best and most practical things. This applies to the purchase of household appliances, accessories, and clothing. Yet, not everyone can afford to upgrade their wardrobe or buy a..

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August 02, 2021

Charles Lutwidge
What Is an Accountant? Roles and Responsibilities

What Is an Accountant? Roles and Responsibilities

Who needs bookkeeping and why? Bookkeeping is one of the main parts of the activity of any enterprise, regardless of what it is doing to make money. Each entrepreneur has the opportunity to organize this bookkeeping at their discretion, taking into..

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August 02, 2021

Charles Lutwidge
Expense Report: Meaning and Template

Expense Report: Meaning and Template

What is an expense report? A typical definition of an expense is a form that employers require their employees to fill out to show the expenditure they had during a business trip or any other event for which they are requesting..

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July 31, 2021

Charles Lutwidge
The Meaning and Basics of Hedge Accounting

The Meaning and Basics of Hedge Accounting

Did your company ever face problems such as unfavorable changes in the exchange rate during export and import operations? Maybe when purchasing raw materials or selling goods, the situation on the market developed in such a way that you were forced..

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July 31, 2021

Charles Lutwidge
Enterprise Resource Planning (ERP)

Enterprise Resource Planning (ERP)

Overview ERP system is a term that encompasses a whole range of tools. The abbreviation stands for Enterprise Resource Planning. When it comes to a small company that can be handled by a small team of professionals, there is no need..

Articles

Consolidated Financial StatementsWhat Is Prepaid Rent?LLC Accounting: Basics and RequirementsA Simple Explanation of Sales Revenue with ExamplesA Simple Guide for How to Write Off Bad DebtWhat Is an Accountant? Roles and ResponsibilitiesExpense Report: Meaning and TemplateThe Meaning and Basics of Hedge AccountingEnterprise Resource Planning (ERP)Cash Reconciliation: What Is It and How to Perform It?The Basics of Lease AccountingBusiness Valuation Formula and PurposeExplanation of Future Value of an Annuity with ExamplesWhat Is a Budget Report?Cash Flow from AssetsExplanation of Prepaid Insurance with ExampleAdvanced online bookkeeping services for business needsWhat CPAs areWhat is the Present Value of an Annuity Table?Review of the 6 Best Virtual Bookkeeping Services in 2021Outsource Bookkeeping Solutions for BusinessesComparison of Online vs Traditional BookkeepingWhen You Should Outsource Your Bookkeeping?Net Working Capital: Meaning, Measurement, and OptimizationWhat Is the Meaning of Opportunity Cost?What is GAAP in Accounting?Revenue Recognition PrincipleWhat Is Chart of Accounts Numbering and Why Do You Need It?Basic Explanation of Order of LiquidityExpense Recognition Principle: Meaning and ImportanceWhat is Tax Shield?What Is Depreciation Tax Shield?Post Closing Trial BalanceWhat Is Net Sales and How to Calculate It?Product Cost Meaning and CalculationClassified Balance SheetWhat Are the Main Income Statement Accounts?Learn How to Calculate Cost Per UnitDebits and Credits in AccountingCapital Budgeting ExplainedIndirect Method – Cash FlowAsset Turnover Ratio Explanation and ExampleSimple Explanation of the Periodic Inventory SystemThe Beginner's Tutorial to BookkeepingAccrued Payroll ExplanationLIFO Reserve Explained with ExampleWhat Is the Payback Period?Units of Production Method of Depreciation: Explanation and CalculationAn Easy to Understand Explanation of a Debit Memo with an ExampleWhat Are Investing Activities in Accounting?Stockholders' EquityAbsorption Costing in AccountingTrade Discount Explanation with ExampleEasy to Understand Explanation of Accrued InterestIncremental Cost Explanation and CalculationOperating Cycle Explanation and FormulaOperating Expenses Explanation with ExamplesMeaning of Mixed Cost in AccountingSimple Explanation of Purchase DiscountsCash and Cash EquivalentsSimple Explanation of FOB Shipping PointDays Sales in InventoryContingent Liability Explanation and ExamplesBookkeeping Services for BostonBookkeeping Services for San AntonioBookkeeping Services for San FranciscoBookkeeping Services for SeattleBookkeeping Services for Las VegasBookkeeping Services for AtlantaBookkeeping Services for PhoenixBookkeeping Services for HoustonBookkeeping Services in AustinBookkeeping Services for MiamiWhat are Long Term Liabilities?Vertical Analysis Explanation and ExampleHorizontal Analysis OverviewPublic AccountingTimes Interest Earned Ratio: Explanation and PurposeSalaries and Wages: Which one is better?Contribution Margin Explanation and ImportanceWhat Is Going Concern Principle?What does MM mean? Explanation and ExamplesDirect vs Indirect Cash Flow Statement Preparation MethodsAccumulated Depreciation Explanation and Calculation ExampleProcess Costing Explanation and ExampleWhat is Net Realizable Value? How to Calculate NRV?Simple Explanation of SG&A ExpensesBreak Even Point: What is it and Why is it important?Cost Principle Definition and Role in AccountingA Simple Guide to Payroll AccountingWhat Does Goodwill Mean in Accounting?Introduction to Pro Forma Financial StatementsMeaning and Example of Credit MemoActivity-Based CostingStandard Costing Meaning and How It WorksPlant Assets: Explanation and ExamplesHow to Calculate Sales Tax: Step-by-Step GuideExplanation of Cash Flow and Its ImportanceOutstanding Checks: Definition and How to deal with themMatching Principle: Definition and ImportanceWhat is a Chart of Accounts?Conversion Costs: Meaning, Formula, and ExampleWhat is the Cost of Goods Sold? Meaning and CalculationFundamental Accounting: Concepts and PrinciplesHow do bookkeepers get clients?Is bookkeeping a dying profession?How can I learn bookkeeping?What are the two types of bookkeeping methods?Should I become a bookkeeper or an accountant?Does bookkeeping have a future?Bookkeeping: Do you need to be good at math?Is it hard to be a bookkeeper?What are the basic bookkeeping skills?What exactly does a bookkeeper do?What is another name for a bookkeeper?What are Depreciable Assets for a Business?Contribution Margin RatioAccounts Receivable Turnover RatioA Guide to Notes PayableAccounting Basics for BeginnersQuick RatioDouble Declining Balance Method of DepreciationDepreciation Expense Overview and CalculationOverview of Debt to Asset RatioFlexible BudgetExplanation and Calculation of the Owner’s EquityAverage Collection PeriodAdjusted Trial Balance BasicsCost of Goods ManufacturedIntroduction to Capital ExpenditureGross Margin RatioPros and Cons of Capital StockFinancial Leverage: What is It and Why a Business Needs One?Debt Ratio – Meaning and CalculationAn Introduction to Credit RiskDirect Write-Off MethodAllowance for Doubtful AccountsAging of Accounts Receivable – Definition and ExamplesHow to Record a Credit SaleBad Debts Expense - Explanation and AccountingPreparing a Bank ReconciliationVertical and Horizontal Analysis: What's the Difference?Financial Ratio AnalysisCash Dividends and Stock DividendsSingle-Step vs Multi-Step Income StatementInventory Turnover RatioBusiness Credit CardNotes to Financial StatementsStatement of Comprehensive IncomeOverview of Reversing EntriesBasic Accounting PrinciplesIntroduction to T-AccountsEarly Payment DiscountsStock Splits and Stock DividendsRecording Transactions for BeginnersFinancial Ratios You Should KnowAmortizing Bond Premium with the Effective Interest Rate MethodFederal Insurance Contributions Act (FICA)Minimum Wage and Overtime PayIncome Summary AccountStatement of Stockholders EquityCash Flow from Operating ActivitiesBalance Sheet Template and StructureCash Short and Over AccountDividends Account - Explanation and ExampleThe Suspense Account - Everything You Need to KnowWhat is a Trial Balance?Manufacturing Overhead CostsGross vs. Net IncomeA Simple Explanation of Straight Line DepreciationInternal Controls in AccountingAccounting in Banks SimplifiedSmall Business Guide for Invoice Payment TermsWorking Capital Ratio: Definition and ExampleBetter Bookkeepers Accounting ReviewYour Guide to the Real Estate Capitalization RateCompleted Contract MethodHow to Calculate the Present Value of a Single AmountMinimum Wages in the United StatesHow to Increase Your Business ProfitabilityYour Guide to Inventory AccountingPaperless Invoicing - Can and Should Your Business Do It?Cash Flow ProjectionForm W-8 Defined and ExplainedPropeller Industries ReviewSalt Lake City Bookkeeping ReviewFinancial Statements Audit ReportNon-Profit Statement of ActivitiesYour Guide to Form 990Everything You Need to Know About In-Kind DonationsYour Guide to Tax FilingsSingle vs. Double Entry BookkeepingThe Balance Sheet BasicsNon-Manufacturing Overhead CostsTOA Global Accounting ReviewThe Meaning and Benefits of 501 (c3) for Donors and OrganizationA Closer Look at Forensic AccountingJob Costing BasicsProject AccountingWork-in-Process InventoryUnrestricted Net Assets in NonprofitsAccounting for Lease TerminationIOLTA Account BasicsFixed Assets - Explanation and ExamplesAmortization Accounting for Intangible AssetsWhat are Different Types of Liability Accounts?Ignite Spot ReviewAmortization: Explanation and ExamplesFixed Asset AccountingDouble-Entry BookkeepingCost of a Bookkeeper: Can Your Business Afford One?Business Taxes: What are they and how do you calculate them?Acuity - Accounting and Bookkeeping ServicesIntroduction to Cash Flow ForecastCPA Exam Cost and License FeesBill Pay AutomationOverview of the Best Invoicing ToolsBest Payroll Software for Small BusinessesBest Accounting Software – Top 5 ChoicesHow to Hire an AccountantA Guide to Your Own Virtual Bookkeeping BusinessOverview of Fractional CFO ServicesOutsourced BookkeepingProperty Management Accounting GuideA Guide to Real Estate EscrowCryptocurrency AccountingIntroduction to Financial Statements for NonprofitsStartup Bookkeeping: Basics and TipsYour Guide to Real Estate TaxesRemote Books Online ReviewLedgerGurus Review: Virtual and Outsourced Accounting25 Highest Paid Occupations in the U.S. for 2020The 5 Richest People in the World and How Coronavirus Affected ThemHow to Fill Out Form W-4 2020The Best Practices for eCommerce BookkeepingPart-time Bookkeeping - A Solution to Your Small Business ProblemsRemote Bookkeeping for Small BusinessesBill.com ReviewOnline AccountingQuickBooks Self-Employed – a Bookkeeping Service with Online LoginWhat is a Bookkeeper?What is QuickBooks Payroll Service?Deductible ExpensesWhat is Gross Profit?What is Deferred Revenue?1-800Accountant ReviewBench Accounting ReviewReview of BotkeeperReview of inDineroWhat is Indirect Cost?What is petty cash, and why is it important for small businesses?Foreign Currency Translation — International Accounting BasicsWhat is a C Corporation (C Corp)?SmartBooks ReviewReview of KPMG SparkWhat is an S Corporation (S Corp)?Pilot Bookkeeping Service ReviewADP Run Review: Payroll Software for Small BusinessesGusto ReviewHubdoc 101: The Basics from Hubdoc Reviews ExpertsReview of ScaleFactor BookkeepingWhat are Financial Statements?What is an Income Statement?What is a Cash Flow Statement?What Are 1099s?Tax Season 2020: What You Need to KnowNetSuite ERP ReviewKashoo ReviewGoDaddy Bookkeeping ReviewsSage 50cloud ReviewSage Intacct ReviewWhat is QuickBooks Accountant?How to Become a QuickBooks ProAdvisor in 3 StepsAccounting Profit and LossPayroll Taxes and Employer ResponsibilitiesZoho Books Review — What You Need to KnowAdjusting EntriesPurchases JournalOpening Entry in AccountingWhat is Xero?Wave Accounting Review — What You Need to KnowTurboTax Review – The Best Online Tax Preparation Software or Not?Intuit Payroll ReviewWhat is FreshBooks?Balancing off AccountsCash Disbursement JournalQuickBooks Online ReviewDifferent Types of AccountingPosting in AccountingSales JournalControl AccountsContra Expense AccountAccrual to Cash ConversionTypes of Error in AccountingAccounting Transaction AnalysisWhat is the accounting cycle?What is a general ledger account?Royalties in AccountingAccruals and DeferralsWhat is the accounting equation?What is Unearned Revenue in Accounting?Retained Earnings StatementA Guide to Prepaid ExpensesThe Agent BackgroundHow much does an EA earn?What is the accounting equation?What is an enrolled agent, and does your business need one?What is bookkeeping, and how does it operate today?Why is accounting important?
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