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Articles

May 25, 2022

Charles Lutwidge
Stocks and Bonds: The Difference

Stocks and Bonds: The Difference

Such terms as stocks and bonds often pop up when people talk about investments on the market. However, it’s critical to understand the difference between these terms since they pose different risks and returns. We have prepared this article to help..

Reading Time 4 mins
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Articles

May 24, 2022

Charles Lutwidge
How to Calculate Commission in Accounting

How to Calculate Commission in Accounting

Many businesses prefer to award their employees by using different means, such as paying a commission on sales. The calculation formula depends on several factors. We have prepared an article to figure out all the details. You will learn what factors..

Reading Time 4 mins
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Articles

May 22, 2022

Charles Lutwidge
What are Management Assertions?

What are Management Assertions?

Management assertions often become nightmarish for people responsible for their preparation. They are used in auditing to ensure which financial records and disclosures are correct. If the audit shows any mistakes, it may cause problems for the company. In the article,..

Reading Time 3 mins
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Articles

May 19, 2022

Charles Lutwidge
How to Balance Purchase Ledger

How to Balance Purchase Ledger

A well-thought accounting system is vital to any business. That’s why it’s critical to understand all components of an accounting system. One of such components is the purchase ledger. We have prepared an article for our readers to disclose the purchase..

Reading Time 3 mins
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Articles

May 18, 2022

Charles Lutwidge
Total manufacturing cost: What is it and how to calculate it

Total manufacturing cost: What is it and how to calculate it

Total manufacturing cost is the amount of money a company spends on its manufacturing operations or how much it generally costs to produce goods that customers will buy. There are three different cost categories to calculate total manufacturing costs: direct material;..

Reading Time 6 mins
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Articles

May 13, 2022

Charles Lutwidge
What Is the Difference Between Gross Sales and Net Sales

What Is the Difference Between Gross Sales and Net Sales

These two terms are primarily used to reflect the financial performance of an organization. Gross and net sales help identify the sales made by a business. They provide a complete analysis of a company’s sales, calculated over a specific period. Most..

Reading Time 5 mins
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Articles

May 12, 2022

Charles Lutwidge
What is Full Time Equivalent (FTE)

What is Full Time Equivalent (FTE)

The full-time equivalent is an arithmetic figure for resource management. It specifies the number of fictitious full-time positions with the same work capacity for several real positions with different time models. The full-time equivalent makes it possible to compare the employee..

Reading Time 4 mins
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Articles

May 11, 2022

Charles Lutwidge
Markup vs Margin: What’s the difference?

Markup vs Margin: What’s the difference?

The profit of all trade enterprises is based on a simple formula: buy cheaper — sell more expensive. To form the price of goods and services, the concepts of margin vs markup are used, which many consider being synonymous. Nevertheless, they..

Reading Time 4 mins
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Articles

May 06, 2022

Charles Lutwidge
Accounting Journal Entry for Depreciation

Accounting Journal Entry for Depreciation

Depreciation of fixed assets contains the cost of fixed assets in the cost of the goods or services produced. In accounting postings, depreciation of fixed assets is recorded on Journal Entry for Depreciation. Depreciation allows the manufacturer to include all production..

Reading Time 4 mins
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Articles

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