Category: Bookkeeping

  • Reasons to Use Cloud Accounting Software Global

    Because Zoho is cloud-based, users can download the WorkDrive Desktop app, sync files or folders right to their device and access and work on files offline. We reviewed several cloud accounting software providers using a detailed methodology to help you find the eight best payroll services for small businesses. Our ratings considered factors that included…

  • Mastering petty cash in 2024: What it is and how to manage it

    Therefore, it is only appropriate to keep petty cash on hand when a trusted employee can keep an eye on it. Do you need to stop and grab donuts for this morning’s staff meeting? Maybe http://www.k2x2.info/filosofija/sobranie_sochinenii_tom_13/p19.php you have an unexpected client drop by and you want to send out for bottled water or soft drinks.…

  • The Working Capital Ratio and a Company’s Management

    The quick ratio (or acid test ratio) adjusts the current ratio formula by subtracting some current assets that take longer to convert into cash. You can use the components of working capital and working capital ratio some key financial ratios to improve your outcomes and your business’s short-term financial health. Read more to explore what…

  • 1 1 Define Managerial Accounting and Identify the Three Primary Responsibilities of Management Principles of Accounting, Volume 2: Managerial Accounting

    A managerial accountant will use this information to determine the price point for products and services. Constraint analysis helps companies run more smoothly and efficiently by identifying errors in the production of goods and services. Managerial accountants may use data like cash flow, revenue, and profits to identify problems in the flow and cost of…

  • Accounting Principles Explained: How They Work, GAAP, IFRS

    As you think about the products you use every day, you are probably already familiar with products made by manufacturing firms. Examples of products made by manufacturing firms include automobiles, clothes, cell phones, computers, and many other products that are used every day by millions of consumers. The main difference that distinguishes these organizations is…

  • Equity Method of Accounting Definition and Example

    Treasury shares or stock (not to be confused with U.S. Treasury bills) represent stock that the company has bought back from existing shareholders. Companies may do a repurchase when management cannot deploy all of the available equity capital in ways that might deliver the best returns. Shares bought back by companies become treasury shares, and…

  • Noncurrent Assets Definition, Types, Examples, & Importance

    So at the end of the asset’s useful life, the machine will be accounted for using its salvage value of $500,000. Property, plant, and equipment—which may also be called fixed assets—encompass land, buildings, and machinery (including vehicles). Non-current assets are sometimes referred to as long term assets. Bonds trade at par when the bond’s yield…

  • Cash Flow Statement Common Stock and Inventory

    At the end of the schedule (in the last period), the premium or discount should equal zero. At that point, the carrying value of the bond should equal the bond’s face value. In assessing a company’s overall financial position, it is important to look at both its operating and investing activities. Although bonds payable may…

  • Cash Flow Statement: Explanation and Example

    Still, either the auto-call feature will be triggered, or the principal will be written down upon the issuer’s capital adequacy ratio not meeting regulatory requirements. Similar to mandatory convertibles in that they force the security owner to convert their bonds into company shares but at a designated trigger/barrier price instead of a stipulated date. The…

  • Nonprofit Accounting: Financial Reporting & Tax Responsibilities

    Plus, you can use this document to review your change in net assets from the beginning of the year to the end of the year. Because there are specialized software platforms out there for large and small organizations, and everything in between, it’s important you find one best suited to your needs. For example, a…