Archives par catégorie: Bookkeeping

Classifying Liabilities As Current Or Non

Content Owner’s Equity Questions Current Liabilities Accrued Payroll And Benefits How To Determine A Company’s Total Debt On A Balance Sheet A company should look beyond the working capital dollar value and consider the working capital ratio. The reason that current and long-term liabilities are treated differently, is because of the immediate need a company […]

Product Versus Period Costs

Content Production Costs How Much Profit Should I Make On A Product? Step 1: Find A Base Price By Getting To Know Common Pricing Strategies In Your Industry What Does Product Cost Mean? Understanding The Costs In Product Costs Financial measurements are useful for periodically comparing actual with budgeted expenditures in each department. Measures of […]

Is Accumulated Depreciation A Current Asset?

Content What Are Examples Of Contra Asset Accounts? Why Do Banks Write Off Bad Debt? What Are Contra Accounts? Why Is A Contra Account An Asset? Are Contra Asset Accounts Liabilities? Reasons To Include Contra Asset Accounts On A Balance Sheet Offsetting the asset account with its respective contra asset account shows the net balance […]

Finally Understand The Difference Between Bookkeepers & Accountants

Content Job Description Of An Accountant Whats The Difference Between Accountants And Bookkeepers? Bookkeeper? Accountant? Cpa? What Is The Difference? Extending The Services How Much Does It Cost To Hire A Bookkeeper Versus An Accountant? Job Descriptions Of Bookkeepers Vs Accountants The Differences Between Bookkeepers Vs Accountants Vs Cpas If the company is small, the owner […]

50 Best Bookkeeping Blogs And Websites To Follow In 2022

Content How To Become A Tax Preparer Tips For Successful Cats Trust Account Reconciliations Archiving Invoice Payments In Cliniko, But Not Removing Them In Xero Tips To Help You Manage Your Busy Week Xero & Cliniko Summer 2016 Tax Tips But fear not and read on for some simple instructions to get those bad debts dealt […]

13 Top Accounting Principles Books, Definition, And Examples

Content The Historical Cost Principle Guidance Gross Revenue Vs Net Revenue Reporting: What’s The Difference? What Are The Three Fundamental Accounting Assumptions Recognized By Accounting Standard? Assumptions Financial Accounting Is a comprehensive listing of all of a company’s accounts with their individual balances. Offsetting – Assets against liabilities and incomes against expenses cannot be offset […]