Charles Lutwidge

bookstime

Charles Lutwidge is a writer with a passion for helping small businesses succeed. Having worked at multiple startups, Charles understands the unique challenges that entrepreneurs face. He writes about a wide range of topics, from management to bookkeeping to technology — all with a focus on helping business owners overcome key obstacles to growth.

Email: charles@bookstime.com
Phone: 8889026657

January 12, 2021

Charles Lutwidge
Comparing BooksTime vs. QuickBooks Live
Comparing BooksTime vs. QuickBooks Live

What is QuickBooks Live?  QuickBooks is best known as accounting software makers. Recently, they started offering something new: a bookkeeping service called QuickBooks Live. The service is simple: they give you a bookkeeper who uses the QuickBooks app to keep track..

Blog

December 28, 2020

Charles Lutwidge
Contribution Margin Ratio
Contribution Margin Ratio

Introduction Profit (contribution) margin is the difference between sales revenue and variable costs. Moreover, both of these indicators – revenue and costs – are taken for a specific volume of production. We can also say that marginal profit is the part..

Articles

December 25, 2020

Charles Lutwidge
Accounts Receivable Turnover Ratio
Accounts Receivable Turnover Ratio

The impact of accounts receivable on the company’s financial position is ambiguous. A significant amount of accounts receivable can lead to a need to attract additional funds due to the outflow of the company’s own cash. On the other hand, selling..

Articles

December 23, 2020

Charles Lutwidge
A Guide to Notes Payable
A Guide to Notes Payable

Definition The definition of Notes payable is a formal debt in which a note is signed for the repayment of any obligations due to the creditor. In other words, we are owning money or something to a creditor (someone else). This..

Articles

December 22, 2020

Charles Lutwidge
Accounting Basics for Beginners
Accounting Basics for Beginners

All enterprises, regardless of their type and forms of ownership, maintain accounting records in accordance with the current legislation. If you are in a position where you will be using the financial data to make management decisions, knowing at least the..

Articles

December 14, 2020

Charles Lutwidge
Quick Ratio
Quick Ratio

Definition The quick liquidity ratio (QR) is an indicator that shows the solvency of a business entity in the short term. This indicator shows whether it will be able to pay off its short-term liabilities at the expense of the most..

Articles

December 11, 2020

Charles Lutwidge
Double Declining Balance Method of Depreciation
Double Declining Balance Method of Depreciation

Definition and formula The double declining balance method is the most popular variation of the accelerated depreciation method. Here, the depreciation rate is higher at the start of the asset’s life. This particular method never completely reduces the asset value to..

Articles

December 09, 2020

Charles Lutwidge
Depreciation Expense Overview and Calculation
Depreciation Expense Overview and Calculation

Definition and Explanation Depreciation is the process of gradually transferring the cost of the means of production (long-term assets) to the manufactured product. Depreciation is also used to deduct the costs of buying and improving a rental property. For example, we..

Articles

December 08, 2020

Charles Lutwidge
Overview of Debt to Asset Ratio
Overview of Debt to Asset Ratio

Definition The debt to asset ratio falls under the solvency category of the ratios. Solvency ratios evaluate the entity’s ability to survive over a longer period of time. This ratio calculates what portion of assets the business owner(s) financed with the..

Articles

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