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July 31, 2021

Charles Lutwidge
Cash Reconciliation: What Is It and How to Perform It?

Cash Reconciliation: What Is It and How to Perform It?

Overview Cash reconciliation takes place mainly at the cash register. This is typically a form with a checklist that employees fill out at the beginning of the shift and the end of the shift. It is an important part of daily..

Articles

July 31, 2021

Charles Lutwidge
The Basics of Lease Accounting

The Basics of Lease Accounting

Overview If you want to use a piece of machinery, equipment, and so on, you have two options: you can buy the asset or you can find someone who can lease it to you. Lease is an integral part of the..

Articles

July 31, 2021

Charles Lutwidge
Business Valuation Formula and Purpose

Business Valuation Formula and Purpose

Overview To attract investment, you need to understand what share of the company you are willing to give for a given amount of money. This step is only possible if you calculate the value of your business. Also, more and more..

Articles

July 31, 2021

Charles Lutwidge
Explanation of Future Value of an Annuity with Examples

Explanation of Future Value of an Annuity with Examples

Value of Money Financial management requires the constant implementation of various calculations related to cash flows in different periods of time. Estimating the value of money over time plays a key role in these calculations. Its essence is that the value..

Articles

July 31, 2021

Charles Lutwidge
What Is a Budget Report?

What Is a Budget Report?

Definition One of the main distinguishing features of management accounting is its focus on the current and future activities of the enterprise. For financial management accounting, financial planning, which is also traditionally called budgeting, is responsible for the present and the..

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July 22, 2021

Charles Lutwidge
Cash Flow from Assets

Cash Flow from Assets

Company managers, investors, and other parties are interested in financial security and business stability, which is largely determined by the generated cash flow. Cash flow is the sum of cash receipts and payments for a certain period of time, which is..

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July 22, 2021

Charles Lutwidge
Explanation of Prepaid Insurance with Example

Explanation of Prepaid Insurance with Example

Prepaid Expenses Insurance is obviously an expense to a business. Thus, before we look at prepaid insurance, let’s look at a definition of prepaid expenses. Prepaid expenses are an asset, which means it is something that your business owns and have..

Articles

July 21, 2021

Charles Lutwidge
Advanced online bookkeeping services for business needs

Advanced online bookkeeping services for business needs

As your organization develops and the amount of cash inflows grows, you will encounter a record-keeping routine. In this case, like lots of modern firms, you most likely will want to outsource the bookkeeping services to a professional enterprise. A company..

Articles

July 21, 2021

Charles Lutwidge
What CPAs are

What CPAs are

Introduction: “Behind every good business is a great accountant.” – Anonymous Accountants are the backbone of financial management in businesses and organizations. Practical accounting leads to superior financial statement turnouts. Without these fine folks, companies would drown in the ever-growing sea..

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