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Charles Lutwidge

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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

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...

Reading Time 5 mins
0 / 5 (0 voted)

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..

Reading Time 6 mins
0 / 5 (0 voted)

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..

Reading Time 3 mins
0 / 5 (0 voted)

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,..

Reading Time 3 mins
0 / 5 (0 voted)

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..

Reading Time 4 mins
5 / 5 (1 voted)

Articles

August 29, 2021

Charles Lutwidge
What Is Prepaid Rent?

What Is Prepaid Rent?

Definition Prepaid expenses are payments for goods or services rendered after the date of payment. Typically, such services are consumed in the near future in the normal course of business, but you might also come across prepaid expenses that will stay..

Reading Time 3 mins
4 / 5 (3 voted)

Articles

August 28, 2021

Charles Lutwidge
LLC Accounting: Basics and Requirements

LLC Accounting: Basics and Requirements

Overview LLCs are by far the most popular entity type amongst small businesses. When you are setting up a business entity, you are setting up a small business and you need to run it like a real business, including doing proper..

Reading Time 3 mins
0 / 5 (0 voted)

Articles

August 27, 2021

Charles Lutwidge
A Simple Explanation of Sales Revenue with Examples

A Simple Explanation of Sales Revenue with Examples

Overview Revenue is the simplest metric for assessing the health of a company. Each leader analyzes its size, calculates other absolute and relative performance indicators on the basis of this value, and forms a development strategy. Revenue is the main source..

Reading Time 4 mins
0 / 5 (0 voted)

Articles

August 02, 2021

Charles Lutwidge
A Simple Guide for How to Write Off Bad Debt

A Simple Guide for How to Write Off Bad Debt

Overview We all strive to maximize our satisfaction and surround ourselves with the best and most practical things. This applies to the purchase of household appliances, accessories, and clothing. Yet, not everyone can afford to upgrade their wardrobe or buy a..

Reading Time 4 mins
0 / 5 (0 voted)

Articles

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