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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

June 15, 2021

Charles Lutwidge
Indirect Method – Cash Flow

Indirect Method – Cash Flow

Overview Cash is the most liquid category of assets, which provides the greatest degree of liquidity and, consequently, freedom of choice. It represents the beginning and end of the life cycle of any enterprise whose purpose is to make a...

Reading Time 4 mins
0 / 5 (0 voted)
Never Worry About Your Bookkeeping Again
Never Worry About Your Bookkeeping Again

Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.

June 14, 2021

Charles Lutwidge
Asset Turnover Ratio Explanation and Example

Asset Turnover Ratio Explanation and Example

To improve the efficiency of using the company’s own funds, timely analysis of performance indicators, including the calculation of asset turnover, is required. In the article, we will tell you how to correctly calculate the asset turnover ratio, explain what...

Reading Time 4 mins
0 / 5 (0 voted)

June 11, 2021

Charles Lutwidge
Simple Explanation of the Periodic Inventory System

Simple Explanation of the Periodic Inventory System

Inventory is a way of verifying the actual availability of valuables listed in the organization’s accounting records, their condition and correct storage, and so on with accounting data. The purpose of the inventory is to ensure the reliability of accounting...

Reading Time 3 mins
0 / 5 (0 voted)

June 07, 2021

Charles Lutwidge
The Beginner’s Tutorial to Bookkeeping

The Beginner’s Tutorial to Bookkeeping

Bookkeeping in its essence is the activity of keeping a record of economic activities transactions of a company in a documentary form. It facilitates the management of economic activities, payment of salaries, calculation and payment of taxes, and other mandatory...

Reading Time 8 mins
5 / 5 (1 voted)

June 06, 2021

Charles Lutwidge
Accrued Payroll Explanation

Accrued Payroll Explanation

Definition Every business owner will likely come across the term accrued payroll sooner or later. As you probably know, wages and salaries mean the same thing. This is the amount you pay your employees. At the same time, wages may...

Reading Time 3 mins
3.5 / 5 (2 voted)

June 05, 2021

Charles Lutwidge
LIFO Reserve Explained with Example

LIFO Reserve Explained with Example

Definition It often happens that companies choose to have the accounting records to be maintained based on methods that are not allowed by the law to be used for reports meant for tax returns or financing. Yet, these methods often...

Reading Time 3 mins
0 / 5 (0 voted)

June 04, 2021

Charles Lutwidge
What Is the Payback Period?

What Is the Payback Period?

The return on investment comes with complex planning, accounting, calculation, and analysis process. To get a return on investment, you need to have experience and certain knowledge, otherwise, this task will be very difficult. Each investor is interested when their...

Reading Time 3 mins
0 / 5 (0 voted)

June 03, 2021

Charles Lutwidge
Units of Production Method of Depreciation: Explanation and Calculation

Units of Production Method of Depreciation: Explanation and Calculation

Definition One of the main tasks of the business owners, especially in the current conditions, is to preserve the financial capabilities of the enterprise – to pay wages, vacation and other payments to employees, taxes to the budget, and solve...

Reading Time 3 mins
0 / 5 (0 voted)
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