Bookkeeping
There’s also gross profit margin which is more correctly defined as a percentage and is used as a profitability metric. The gross income for a company reveals how much money...
AP can include services, raw materials, office supplies, or any other categories of products and services where no promissory note is issued. Most companies don't pay for goods and services as they're acquired,...
Financial liabilities are those liabilities in which a company or an individual has a contractual obligation to pay cash or deliver the financial asset. The primary classification of liabilities is...
On the other hand, if a compensation was already received or paid for a product that was not delivered or consumed, then it is considered a deferral. The adjusting journal...
Accrued expenses are payments or liabilities recorded before the transactions process. If your company has a 12-month insurance policy, you can recognize each monthly payment within the fiscal year as...
When a company falls into arrearage, it not only faces financial strain but also risks losing investor confidence. However, numerous companies have successfully navigated through such difficulties, emerging stronger and...
Multiply the par value per share by the dividend rate to calculate the annual dividend per share. In this example, multiply $50 by 10 percent, or 0.1, to get a...
Cheaper isn't always better – especially when it comes to selecting a personal accountant! Be sure that you understand how fees are calculated up front so there won't be any...
There are a lot of really interesting jobs and possibilities out there. For many years, I worked in public accounting as an auditor and consultant. I really enjoyed working on...
Hiring a personal accountant involves sharing sensitive financial information. While professional accountants adhere to strict confidentiality standards, there is always a risk of data breach or misuse of information. All...
