Bookkeeping

Content New Construction and Renovations Report a Concern WHEN WILL THE FINAL ACCOUNTING STANDARDS UPDATE BE EFFECTIVE? How does a Lease Termination Option Impact Lease Accounting? Use Accurate Reporting Procedures Real Estate Acquisitions It not only helps you streamline the financial reporting process and provides you with a realistic picture of your organization’s financial health, …

ASPE Requirements for Real Estate and Construction Companies Read More »

A fast collection period may not always be beneficial as it simply could mean that the company has strict payment rules in place. In addition to being limited to only credit sales, net credit sales exclude residual transactions that impact and often reduce sales amounts. This includes any discounts awarded to customers, product recalls or …

How to Calculate Your Average Collection Period Ratio Read More »

Content What does it mean for a company to have high retained earnings? What Is the Retained Earnings Formula and Calculation? Price To Earnings Ratio – Basics, Formula, Calculation, & Interpretation Management and Retained Earnings Additional Resources How to cut down busy work to meet your small business goals It tells you how much profit …

What Factors Generally Cause Retained Earnings to Increase or Decrease? Chron com Read More »

Content How Xero Compares Your business accounting made easy. Transparent from setup to reporting. ServiceM8 – Jobs/Project Management How Salesforce Native Apps Work Together to Provide Data in Real-time Customer Support If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience. KeyPay UK automates …

Xero Creating an iconic, game changing platform. Read More »

Content Trade Discount Accounting What is Trade discount? What Is a Capitalized Interest Expense? Company Computation of Trade Discount There are 3 Types of Discount; Trade discounts are offered to resellers who purchase large quantities of goods from a supplier. The seller would not log the trade discount in its accounting records, but only record …

Difference Between Trade Discount and Cash Discount with Example, Journal Entry and Comparison Chart Read More »

Content How is a chart of accounts organized? What is an Account?: Top 10 Uses in Business, Finance & Accounting Need help with accounting? Easy peasy. How does a chart of accounts work? Example 3 – Paying rent CUSTOMER SERVICE Common Stock had a credit of $20,000 in the journal entry, and that information is …

What Is T-Account? How It Works, Appearance & Benefits Read More »

As previously stated, each package contains a desktop computer, tablet computer, landline telephone, and a 4-in-1 printer. They offer their customers the option of purchasing extra individual hardware items for every electronic hardware package purchase. Figure 6.11 lists the products CBS sells to customers; the prices are per-package, and per unit. These two journal entries …

Understanding Sales Returns and Allowances Journal Entries Read More »

Content Below are the Ending Inventory Valuations: More Resources Stop RunningYour BusinessLike This! LIFO vs. FIFO: What’s the difference? Whena particular item is posted to the cost of goods sold account since all of the items are sold. When you sell the newer, more expensive items first, the financial impact is different, which you can …

FIFO Guide to First-In First-Out Inventory Accounting Method Read More »

Content You are now leaving Jemma Financial Risk and Return: Contrasting Characteristics Which are the safest bonds? How to choose the right asset type for your portfolio Bond Risks Understanding stocks & bonds: the building blocks of a balanced portfolio. Characteristics of bonds Products and services referenced are offered and sold only by appropriately appointed …

What Is The Difference Between Stocks and Bonds? Read More »

Content E-commerce accounting advice Part 2: Small Business Accounting Basics How to choose the right accountant What’s impacting the retail & wholesale sector? Opening a business account We can provide you with a full range of options to help your business emerge unscathed from a problematic financial position and go on to be a profitable …

Retail Tax, Accountancy & Business Advisory Services Read More »