Improve your cash flow through better inventory management
If you want to improve cash flow, think about implementing some of the following strategies. Negative cash flow from investing activities might be due to significant amounts of cash being invested in the company, such as research and development (R&D), and is not always a warning sign. Walmart’s cash flow was positive, showing an increase… Continue reading Improve your cash flow through better inventory management
5 Tips for Effective Small-Business Bookkeeping
A bookkeeper is responsible for identifying the accounts in which transactions should be recorded. When it’s finally time to audit all of your transactions, bookkeepers can produce accurate reports that give an inside look into how your company delegated its capital. The two key reports that bookkeepers provide are the balance sheet and the income… Continue reading 5 Tips for Effective Small-Business Bookkeeping
How to calculate depletion expense
To see how the calculations work, let’s use the earlier example of the company that buys equipment for $50,000, sets the salvage value at $2,000 and useful life at 15 years. The estimate for units to be produced over the asset’s lifespan is 100,000. Tracking the depreciation expense of an asset is important for reporting… Continue reading How to calculate depletion expense
QuickBooks Pricing 2023: How Much Does QuickBooks Cost?
Afterward, continue reading our article for a more detailed comparison of the five QuickBooks Online versions. All Plus features for up to 25 users, plus a dedicated account team, advanced business analytics, employee expense management, batch invoicing, workflow automation and more. While cost is an important consideration, it shouldn’t be the only deciding factor when… Continue reading QuickBooks Pricing 2023: How Much Does QuickBooks Cost?
Audit Risk Model: Explanation of Risk Assesment
The auditor’s report is important because banks and creditors require an audit of a company’s financial statements before lending to them. The requirements introduced by ISA 315 (Revised) are extensive and will impact the audits of larger or more complex entities. However, there are provisions throughout the standard which allow for scalability, whereby smaller or… Continue reading Audit Risk Model: Explanation of Risk Assesment
What Is an Allowance for Doubtful Accounts? Overview, Guide, Examples
The adjustment account is where we record any changes we have made to the allowance in an accounting period (increase/decrease/creation/removal). There are various methods to determine allowance for doubtful accounts, each offering unique insights into the potential risks your accounts receivable might carry. Here’s a breakdown of the two primary methods and some additional strategies… Continue reading What Is an Allowance for Doubtful Accounts? Overview, Guide, Examples
День труда в США Labor Day
Его истоки лежат в желании Центрального профсоюза создать выходной для рабочих. В 1884 году День Труда пришелся на первый понедельник сентября, который в соответствии с резолюцией, принятой ЦСТ, отныне становился обязательной датой праздника. Общегосударственным выходным и национальным праздником он становится в 1894 году по решению президента США Гровера Кливленда (Grover Cleveland). В Соединенных Штатах этот… Continue reading День труда в США Labor Day
What is a Fixed Cost? Definition
Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Operating leverage is a double-edged sword, where the potential for greater profitability comes with the risk of a greater chance of insufficient revenue (and being unprofitable). It’s important not only that you have a budget but also that you make an effort to live… Continue reading What is a Fixed Cost? Definition