Category: Bookkeeping

It seems like a no-brainer that the expensive book that you had to buy at the start of the term would have everything that you will need to know in it. The problem that I have personally found with studying from a textbook is that while it has all of the information that you need… Continue reading SmartBook Is Here! « McGraw Hill Connect Blog

If the dealer sold the desk and the vase, the COGS would be $1,175 ($375 + $800), and the ending inventory value would be  $4,050 ($4,000 + $50). For example, say that a trampoline company purchases 100 trampolines from a supplier for $40 apiece, and later purchases a second batch of 150 trampolines for $50… Continue reading FIFO: What the First In, First Out Method Is and How to Use It

At the end of his first month, he reviews his records and realizes there are a few inaccuracies on this unadjusted trial balance. A depreciable asset is a manufactured asset such as a building, machine, vehicle, or piece of equipment that provides service to a business. In time, these assets lose their utility because of… Continue reading Deferred Revenue Journal Entry Example

Combining automation, data analysis, and human input, an ERP makes work go more smoothly and quickly between workers, departments, and your organization and any outside parties or stakeholders. This means less downtime, fewer mistakes, less overspending, and more of an optimized, agile process. For instance, many manufacturers now use IoT devices to monitor production lines… Continue reading ERP Vs Accounting Systems Differences Between ERP and Accounting

Contents: Our Undivided Attention The Impact of Procrastination on Productivity Commit to stop talking Improve Your Time Management Today! When you are actively listening, you show the other person that you care about what they’re saying. With nonverbal cues, like eye contact and posture, and verbal signs, such as rephrasing or restating, you can transform… Continue reading Your Undivided Attention: Best-Of Clips

Content Working Capital Formula Inventory turnover ratio: managing inventory levels Secured business loans Strategic Corporate Finance 2022 round up The working capital formula What affects the working capital cycle? In a nutshell, working capital is the amount of money your business needs to meet its everyday financial obligations and still operate successfully. It’s the amount you… Continue reading Calculating working capital for your small business Novuna Business Finance

Content How to open a Barclays business account What should I include in a statement of comprehensive income? Comprehensive Income: Statement, Purpose, and Definition 4 Presenting comprehensive income IAS 1 Presentation of Financial Statements: Summary Comprehensive Income vs. Other Comprehensive Income: An Overview The higher the earnings for each share, the more profitable it is… Continue reading What is the statement of comprehensive income?

Gross pay is an individual’s total earnings throughout a given period before any deductions are made. The gross pay definition differs from that of net pay since it does not indicate the take-home salary of an individual. For example, say a salaried employee makes $60,000 a year, and the company has one-week pay periods. If… Continue reading Gross Pay vs Net Pay: Whats the Difference?

Content Understanding Current Assets vs Non-Current Assets Business Land and Historical Cost Using Financial Accounts to Assess Business Performance Resources for Your Growing Business Noncurrent Assets Example 1: Tangible Non-Current Assets Nonhttps://intuit-payroll.org/ or long-term assets are those assets a company owns that are not expected to be converted into or used as cash within one year.… Continue reading Current Assets vs Noncurrent Assets, Simply Explained

Content Sell Meaning Of Premium Bond In English Winning Synonyms Of The Month Ns&i Access Check If the bond is held until maturity, the investor receives the face value amount or $1,000 as in our example above. Inflation risks – As with all bonds, investors run the risk that inflation will diminish the purchasing power… Continue reading Bpi Premium Bond Fund