BooksTime  ➞  Articles

Articles

September 29, 2021

Charles Lutwidge
The Basics of Cost Accounting

The Basics of Cost Accounting

Overview In the course of their activities, enterprises are faced with certain costs, without which it is impossible to achieve goals and which are the main constraints to business success. Hence, we can conclude that the efficiency of an enterprise directly..

Articles

September 28, 2021

Charles Lutwidge
What Is Opening Balance Equity?

What Is Opening Balance Equity?

Accounting Equation To help you better grasp the meaning of the Opening Balance Equity why it is created and what you should do with it, we are going to review some basic accounting concepts. Many do not know that the whole..

Articles

September 27, 2021

Charles Lutwidge
Bookkeeping: What is a 3-Way Match?

Bookkeeping: What is a 3-Way Match?

Nowadays, 3-way match processing is widely used by accountants and business owners. What is this and what role does it play in business processes and success? Get answers to these questions in this article. Overview Doing business does not just mean..

Articles

September 24, 2021

Charles Lutwidge
Learn How to Calculate Salvage Value of Assets

Learn How to Calculate Salvage Value of Assets

Definition It is hard to imagine any type of business without at least some time of long-term assets on its books. They are used in offices, in manufacturing facilities, to provide services, and so on. Most of these assets can be..

Articles

September 23, 2021

Charles Lutwidge
Stockholders’ Equity: How to Calculate?

Stockholders’ Equity: How to Calculate?

Definition Stockholders’ equity shows what funds the investors who purchased the company’s stocks own in the company. This is a financial indicator that characterizes the amount of funds owned by members of the organization. Equity and net assets are essentially synonyms...

Articles

September 22, 2021

Charles Lutwidge
Percentage of Sales Method: Explanation with Examples

Percentage of Sales Method: Explanation with Examples

Financial Forecasting The effective activity of enterprises in a market economy largely depends on how reliably they foresee the long-term and short-term prospects of their development, that is, on forecasting. Forecasting the activities of enterprises is an assessment of the prospects..

Articles

September 21, 2021

Charles Lutwidge
Prepaid Insurance Journal Entry

Prepaid Insurance Journal Entry

Prepaid expenses The expenses of an organization are recognized as a decrease in economic benefits as a result of the disposal of assets (cash, other property) and (or) the occurrence of liabilities, leading to a decrease in the capital of this..

Articles

September 20, 2021

Charles Lutwidge
Realization Principle

Realization Principle

When you sell goods or maybe your business provides services instead, you get paid money which is considered to be your revenue. It is one of the most important aspects of a company’s operations and reporting. In this regard, of course,..

Articles

September 17, 2021

Charles Lutwidge
Consolidated Financial Statements

Consolidated Financial Statements

Due to the impact of many objective factors (growth of business complexity, the need to diversify risks, the possibility of tax optimization, etc.), many entrepreneurs have a real need for the simultaneous development of many areas of activity, formation of many..

Articles

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42

Talk To A Bookkeeping Expert

A bookkeeping expert will contact you during business hours to discuss your needs.

QB_enterprise
QB_Advanced
QB_Desktop
QB_PointofSale
Billcom
BBB
Hubdoc
Founders_Pledge
Mindbody
Expensify
GustoPartner
Xero
Shopify Partner
CF_Partner
wboa