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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

May 21, 2021

Charles Lutwidge
Operating Expenses Explanation with Examples

Operating Expenses Explanation with Examples

One of the important parts of accounting is the company’s income and expenses. It is the nature, conditions of performance, and the direction of work of a particular organization that affect the division of funds into -income and expenses. Definition...

Reading Time 3 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.

May 20, 2021

Charles Lutwidge
Meaning of Mixed Cost in Accounting

Meaning of Mixed Cost in Accounting

Definition There are two ways cost can behave. They can either be variable or they can be fixed. However, some activities combine both variable and fixed costs. When this happens, we call it mixed costs. For example, a salesperson’s salary...

Reading Time 2 mins
0 / 5 (0 voted)

May 17, 2021

Charles Lutwidge
Simple Explanation of Purchase Discounts

Simple Explanation of Purchase Discounts

Almost every individual and business owner has come across purchase discounts sometime in their life. The financial benefit for the company providing the discount is extremely simple – it gets cash flow that it can use in its business activities....

Reading Time 3 mins
0 / 5 (0 voted)

May 16, 2021

Charles Lutwidge
Cash and Cash Equivalents

Cash and Cash Equivalents

Information on the availability and flow of funds is necessary to determine the minimum need for funds, as well as to analyze the company’s liquidity. Cash and cash equivalents are the first items we see on the company’s Balance sheet...

Reading Time 3 mins
0 / 5 (0 voted)

May 15, 2021

Charles Lutwidge
Simple Explanation of FOB Shipping Point

Simple Explanation of FOB Shipping Point

Meaning The FOB portion of this term is usually considered to be an abbreviation for “Free On Board”, although you might also see F stand for freight. In any case, the meaning for the user is the same. It indicates...

Reading Time 3 mins
0 / 5 (0 voted)

May 14, 2021

Charles Lutwidge
Days Sales in Inventory

Days Sales in Inventory

The concept of product turnover determines how quickly the funds invested in goods will return to you, and bring a profit. This is one of the main concepts for the company’s success. In this article, we will explain what it...

Reading Time 3 mins
0 / 5 (0 voted)

May 13, 2021

Charles Lutwidge
Contingent Liability Explanation and Examples

Contingent Liability Explanation and Examples

Meaning If a business is facing a potential obligation that must be fulfilled at a future date, it might have to record a liability in the present period. Contingent liability depends on the likelihood of an event occurring. In other...

Reading Time 3 mins
0 / 5 (0 voted)

April 15, 2021

Charles Lutwidge
What are Long Term Liabilities?

What are Long Term Liabilities?

Definition A liability is a responsibility or a promise to another person or entity. To resolve financial issues, many companies use internal and third-party funding sources. In the second case, the organization will have so-called long-term and short-term obligations. A...

Reading Time 3 mins
0 / 5 (0 voted)
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