Chuyên mục: Bookkeeping

• The 8 Important Steps in the Accounting Cycle

  by: qcv Bookkeeping 0 2024-08-01 03:24:12

  Each entry should list details about every transaction in chronological order. If your company uses double-entry accounting, the details include a debit and credit for each transaction. This method makes it easier to track how events affect your finances. Many companies will use point of sale (POS) technology linked with their books to record sales […]

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• Stale Check Law: Will Banks Honor Stale-Dated Checks?

  by: qcv Bookkeeping 0 2023-09-11 04:23:08

  If a check you wrote is approaching the six-month mark but still hasn’t been cashed, you’ll be able to spot it so that you can get in touch with the recipient. The length of time for a cashier’s check to go stale can also vary — from 60 days to never — depending on multiple […]

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• Definition, Explanation and Examples

  by: qcv Bookkeeping 0 2023-06-26 03:43:51

  The balance sheet is also known as the statement of financial position and it reflects the accounting equation. The balance sheet reports a company’s assets, liabilities, and owner’s (or stockholders’) equity at a specific point in time. Like the accounting equation, it shows that a company’s total amount of assets equals the total amount of […]

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• What’s a Good Free Cash Flow? Calculate + Interpret FCF

  by: qcv Bookkeeping 0 2022-06-17 03:48:17

  It also includes spending on equipment and assets, as well as changes in working capital from the balance sheet. When evaluating stocks, most investors are familiar with fundamental indicators such as the price-to-earnings ratio (P/E), book value, price-to-book (P/B), and the PEG ratio. Also, investors who recognize the importance of cash generation use the company’s […]

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• How is the account Cash Short and Over used?

  by: qcv Bookkeeping 0 2022-05-18 10:30:23

  There are different ways of tracking transactions in a petty cash book. Some organizations use a separate cash register for the petty cash, and others just track the transactions on ordinary receipts or invoices. Another entry to petty cash is not made unless the firm wants to increase or decrease the fund above or below […]

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• What is Days Sales Outstanding DSO?

  by: qcv Bookkeeping 0 2022-02-21 10:02:43

  Fluctuating sales volumes can affect DSO, with any increase in sales lowering the DSO value. In general, small businesses rely more heavily on steady cash flow than large, diversified companies. Encourage customers to pay dso meaning invoices sooner by offering a discount for early payments. Offering an incentive, such as a discount for prompt payment […]

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• The Difference Between Bookkeepers and Accountants

  by: qcv Bookkeeping 0 2022-01-10 09:55:33

  Once all requirements are met, the CPA license is awarded by the individual state boards of accountancy. Some of the most in-demand accounting jobs are accounting manager, accounts payable specialist, accounts receivable specialist, corporate controller, senior accountant, and staff accountant. Bookkeepers who are interested in switching jobs but do not have a college degree might […]

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• 5 1 Describe and Prepare Closing Entries for a Business Principles of Accounting, Volume 1: Financial Accounting

  by: qcv Bookkeeping 0 2021-10-27 03:11:55

  If your expenses for December had exceeded your revenue, you would have a net loss. When closing expenses, you should list them individually as closing entries accounting they appear in the trial balance. The T-account summary for Printing Plus after closing entries are journalized is presented in Figure 5.7. When closing the revenue account, you […]

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• Contribution Margin CM Formula + Calculator

  by: qcv Bookkeeping 0 2021-09-14 10:04:48

  In a contribution margin income statement, variable cost of goods sold is subtracted from sales revenue to obtain gross contribution margin. The variable marketing and administrative expenses are then subtracted from gross contribution margin to obtain contribution margin. From contribution margin figure all fixed expenses are subtracted to obtain net operating income. Management uses the […]

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