Articles

September 09, 2020

Charles Lutwidge
Manufacturing Overhead Costs
Manufacturing Overhead Costs

Any business activity involves costs. Money is spent on diverse processes and purchases: equipment maintenance, raw materials, packaging, transportation, etc. Three are also costs associated with management processes, where wages and salaries are a big percentage of these spendings. Such a..

Articles

September 09, 2020

Charles Lutwidge
Gross vs. Net Income
Gross vs. Net Income

Sometimes, people, including business owners, get gross and net income confused. Thus, being able to tell the difference allows one to properly evaluate accounting reports, make financial plans, know what to provide when asked for one or the other, and much..

Articles

September 09, 2020

Charles Lutwidge
A Simple Explanation of Straight Line Depreciation
A Simple Explanation of Straight Line Depreciation

Definition and Formula The method of accounting for the allocation of costs of any physical or tangible asset during its useful life is known as depreciation. These costs arise due to: Use Wear and tear The passing of time Obsolescence. The..

Articles

September 09, 2020

Charles Lutwidge
Internal Controls in Accounting
Internal Controls in Accounting

What are Internal Controls? Let’s first look at the definition of internal controls in accounting. Internal control is a management process involving the people of the organization (the responsibility lies with management and the board of directors). Every company has and..

Articles

September 09, 2020

Charles Lutwidge
Accounting in Banks Simplified
Accounting in Banks Simplified

Most people are confused by bank accounting. We know how a company accounting works because a lot of us have more or less experience with it. Bank accounting is different. At the same time, we are sure you will find that..

Articles

September 09, 2020

Charles Lutwidge
Small Business Guide for Invoice Payment Terms
Small Business Guide for Invoice Payment Terms

Invoice Basics A business is setting up its expectations ahead with invoice payment terms. To do this you need to make sure that you cover exactly how and when you expect to be paid. So what do you do? You need..

Articles

September 09, 2020

Charles Lutwidge
Working Capital Ratio: Definition and Example
Working Capital Ratio: Definition and Example

Sometimes, it is not enough to say a business is in “good health” or “bad health”. Thus, the management and investors often turn to financial ratios to put a number on this health, properly evaluate it and make the right decisions...

Articles

September 09, 2020

Charles Lutwidge
Better Bookkeepers Accounting Review
Better Bookkeepers Accounting Review

Good bookkeeping makes a great business. It is one of the most essential roles that must be taken care of if you want to stay in business. Yet, doing bookkeeping is likely not why you started your business. Then why should..

Articles

September 09, 2020

Charles Lutwidge
Your Guide to the Real Estate Capitalization Rate
Your Guide to the Real Estate Capitalization Rate

Individuals who are relatively new to the world of real estate finance often do not really understand the concepts capitalization rates and how one applies them in commercial real estate. That is not a problem because this article will introduce you..

Articles

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 - 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