Chuyên mục: Bookkeeping

• Working Capital: Formula, Components, and Limitations

  by: Min ad Bookkeeping 0 2025-04-30 12:11:29

  Current assets include cash, accounts receivable, inventory, and other assets that are expected to be converted into cash within a year. Current liabilities encompass short-term obligations such as accounts payable, short-term debt, and other liabilities due within the next 12 months. Working capital is calculated from the assets and liabilities on a corporate balance sheet, […]

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• Sales Revenue Journal Entry Bookkeeping Example Explained

  by: Min ad Bookkeeping 0 2025-04-02 05:22:13

  Companies may offer sales allowances for various reasons, which include the following. The original sales journal entry is the same as the periodic inventory system. Deferred expenses are expenses that have been incurred but have not yet been paid. For example, if a company has received services but has not yet paid for them, the […]

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• Unadjusted Trial Balance Example

  by: Min ad Bookkeeping 0 2025-01-23 04:00:52

  If the total debits do not equal the total credits, it indicates the presence of an error that needs to be rectified before proceeding with the financial statement preparation. The unadjusted trial balance is prepared at the end of the reporting period as a rough draft of the financial transactions, which are organized in order […]

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• 3 Best Accounting Firms in Detroit, MI

  by: Min ad Bookkeeping 0 2024-07-12 05:24:24

  Recording and tracking of financial transactions in accordance with GAAP. QuickBooks and other bookkeeping software give you a tool to do your own bookkeeping. Any and every tax deduction will be sought out, all we will need is your bank statements and whatever receipts you have, and we will take care of the rest. No […]

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• Margin of Safety Percentage: Formula of MOS And Break-Even Analysis

  by: Min ad Bookkeeping 0 2024-07-06 08:30:29

  In investing, the margin of safety represents the difference between a stock’s intrinsic value (the actual value of the company’s assets or future income) and its market price. Since each business is unique, there is no one-size-fits-all approach. Moreover, companies must assess their current positions and adapt accordingly. What is the Difference Between Trading and […]

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• Payback Period: Definition, Formula, and Calculation

  by: Min ad Bookkeeping 0 2024-04-20 10:21:08

  Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their career. I’m Bill Whitman, the founder of LearnExcel.io, where I combine my passion […]

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• 5 Things You Absolutely Need to Know as a Business Owner on Yelp Fivestars Insights

  by: Min ad Bookkeeping 0 2024-02-27 05:22:05

  A social media aggregator curates all of your customer-generated content, posts, and images using your favorite social media channels such as Facebook, Instagram, and Twitter. By adding your social channels and Yelp reviews, your visitors can get a glimpse into what people are saying about your business without having to navigate off your site. Your Yelp page […]

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• Cannabis money opens new opportunities, and ethical dilemmas, for medical research

  by: Min ad Bookkeeping 0 2024-01-20 03:43:20

  If you understand cannabis-related tax laws and the requirements you must meet to remain compliant with the IRS, it’ll be easier for you to operate a successful medical marijuana business. A knowledgeable accountant with experience in medical marijuana taxation can help you develop effective tax planning strategies, understand cannabis recordkeeping best practices, and maintain compliance […]

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• Period Costs What Are These, Formula, Accounting & Types

  by: Min ad Bookkeeping 0 2023-12-16 05:55:01

  If you manufacture a product, these costs would include direct materials and labor along with manufacturing overhead. Most of the components of a manufactured item will be raw materials that, when received, are recorded as inventory on the balance sheet. Only when they are used to produce and sell goods are they moved to cost […]

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• the current ratio and the acid test ratio

  by: Min ad Bookkeeping 0 2023-05-26 05:05:35

  Quick ratio is therefore a more reliable measure of liquidity for manufacturing companies and construction firms that have relatively high levels of inventory, work in progress and receivables. The acid-test, or quick ratio, shows if a company has, or can get, enough cash to pay its immediate liabilities, such as short-term debt. If it’s less […]

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