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Articles

August 31, 2020

Charles Lutwidge
What are Different Types of Liability Accounts?

What are Different Types of Liability Accounts?

Liabilities Definition It is important to understand what liabilities are because they are crucial part of normal business. The word liabilities always makes them seem like a bad thing and something we want to avoid, but that is not the case...

Reading Time 3 mins
0 / 5 (0 voted)

Articles

July 24, 2020

Charles Lutwidge
Ignite Spot Review

Ignite Spot Review

Most large businesses have a fully staffed accounting department, including a CFO and staff accountants, to perform basic accounting functions. Unfortunately, the majority of businesses cannot the cost of a complete accounting team. Thus, they hire a CFO and overpay them..

Reading Time 3 mins
0 / 5 (0 voted)

Articles

July 24, 2020

Charles Lutwidge
Amortization: Explanation and Examples

Amortization: Explanation and Examples

Amortization is a term that you will come across in the business and accounting world. Its definition can vary based on the context of its use. For instance, the amortization can mean paying off debt or a loan over a period..

Reading Time 3 mins
0 / 5 (0 voted)

Articles

July 24, 2020

Charles Lutwidge
Fixed Asset Accounting

Fixed Asset Accounting

From an accounting perspective, fixed assets – an item with a useful life greater than one reporting period, depreciated over time. Fixed assets are also known as capital assets and tangible assets. These are items that an organization purchases for long-term..

Reading Time 4 mins
3.3 / 5 (3 voted)

Articles

July 24, 2020

Charles Lutwidge
Double-Entry Bookkeeping

Double-Entry Bookkeeping

Double-entry accounting, also known as double-entry bookkeeping, is a set of accounting rules. It serves as the foundation of accounting rules across the globe. Double-entry is an accounting principle that ensures that the accounting equation remains balanced at all times. This..

Reading Time 5 mins
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Articles

July 24, 2020

Charles Lutwidge
Cost of a Bookkeeper: Can Your Business Afford One?

Cost of a Bookkeeper: Can Your Business Afford One?

How many hours do you spend on your books? Are you feeling overwhelmed? Or simply just do not have time to do it? Did you know that bookkeeping will give you time and money? While employing a bookkeeper may be a..

Reading Time 4 mins
0 / 5 (0 voted)

Articles

July 07, 2020

Charles Lutwidge
Business Taxes: What are they and how do you calculate them?

Business Taxes: What are they and how do you calculate them?

Getting on top of your taxes, whether personal or business, can relieve a lot of stress. In this article, we will give you a quick overview of common business taxes you will have to pay. Moreover, we will explain who has..

Reading Time 4 mins
0 / 5 (0 voted)

Articles

July 07, 2020

Charles Lutwidge
Acuity – Accounting and Bookkeeping Services

Acuity – Accounting and Bookkeeping Services

Acuity is a company that provides bookkeeping and accounting services for small businesses. Like many bookkeeping companies, it does it fully online, so you do not have to provide additional office space and incur other expenses to have an in-house bookkeeper..

Reading Time 2 mins
0 / 5 (0 voted)

Articles

July 07, 2020

Charles Lutwidge
Introduction to Cash Flow Forecast

Introduction to Cash Flow Forecast

Cash Flow Forecasting Explained Managing your cash flow and cash flow forecasting is so essential in a business. A cash flow forecast is a tool that businesses use to estimate cash inflows and cash or the movement of money into and..

Reading Time 4 mins
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Articles

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