Articles

One of the important parts of accounting is the company’s income and expenses. It is the nature, conditions of performance, and the direction of work of a particular organization that affect the division of funds into -income and expenses. Definition Operating..

Definition There are two ways cost can behave. They can either be variable or they can be fixed. However, some activities combine both variable and fixed costs. When this happens, we call it mixed costs. For example, a salesperson’s salary can..

Almost every individual and business owner has come across purchase discounts sometime in their life. The financial benefit for the company providing the discount is extremely simple – it gets cash flow that it can use in its business activities. Yes,..

Information on the availability and flow of funds is necessary to determine the minimum need for funds, as well as to analyze the company’s liquidity. Cash and cash equivalents are the first items we see on the company’s Balance sheet and..

Meaning The FOB portion of this term is usually considered to be an abbreviation for “Free On Board”, although you might also see F stand for freight. In any case, the meaning for the user is the same. It indicates how..

The concept of product turnover determines how quickly the funds invested in goods will return to you, and bring a profit. This is one of the main concepts for the company’s success. In this article, we will explain what it means..

Meaning If a business is facing a potential obligation that must be fulfilled at a future date, it might have to record a liability in the present period. Contingent liability depends on the likelihood of an event occurring. In other words,..

Working with professionals – key to success Why can’t we do without bookkeeping? As a rule, already at the stage of the company’s registration in Boston, there is a need for a qualified bookkeeper or accountant who would deal with recording..

Bookkeeping Role in Business All organizations need to maintain bookkeeping records online or on paper, regardless of the field of activity and the size of their financial turnover. It is impossible to identify the reserves of the organization without accounting. The..