Accounting

Examine the world of finance and accounting, providing in-depth perspectives and invaluable insights for industry professionals. Read more on expert analysis, discover new techniques, and stay informed on the latest trends in this cornerstone of the business world

511 posts

What Is Fixed Asset? Everything You Need to Know About Fixed Assets

Have you ever come across the term Fixed Asset? Or maybe Property, Plant and Equipment? Fixed Assets are all around…

14 min read Sep 9, 2020

Accounting

Best Websites For Accountants

Index 1. Introduction to websites for Accountants 2. Websites for news & updates for accountants 3. Education websites for accountants…

6 min read Sep 2, 2020

What is Accounts Receivable(AR)? Definition, Journal Entries, Examples

Accounting

What is Accounts Receivable(AR)? Definition, Journal Entries, Examples

Accounts receivable is money that your customers owe you for buying goods and services on credit. Your accounts receivable consist of all the unpaid invoices or money owed by your customers. Accounts receivable are recorded as an asset on your company’s balance sheet.

11 min read Aug 31, 2020

Accounting

What Is Contribution Margin

Index: 1. Introduction 2. Elements of Contribution Margin 3. What is the significance of Contribution Margin? 4. How is Contribution…

4 min read Aug 27, 2020

Overhead costs: Definition, Classifications, Examples, and How to calculate it

Accounting

Overhead costs: Definition, Classifications, Examples, and How to calculate it

Index * Overhead costs definition * Overhead costs examples * Types of overhead costs * Should a business cut down overhead costs? * How to…

6 min read Aug 24, 2020

Accounting

What is Asset Impairment?

What Does Asset Impairment Mean? In the world of finance, impairment is the term used to imply a permanent decrease…

7 min read Aug 24, 2020

Due Diligence: What is Due Diligence, Types, Procedure, and Checklist

Accounting

Due Diligence: What is Due Diligence, Types, Procedure, and Checklist

Index 1. Introduction 2. Types of Due Diligence 3. Accounting Due Diligence checklist 4. Due Diligence procedures 5. Audit vs.…

7 min read Aug 23, 2020

Accounting

What are Liabilities in Accounting and Why You Need to Keep Track of it

> Liabilities are never the problem; it’s the assets you need to worry about. This statement refers to the…

5 min read Aug 22, 2020

Audit: What is Business Audit Review Program, and What Does it Mean for Any Small Business?

Accounting

Audit: What is Business Audit Review Program, and What Does it Mean for Any Small Business?

Most business owners tend to panic and jump to the conclusion that an “audit” refers to the IRS (Internal Revenue…

5 min read Aug 21, 2020

Accounting

What Are Estimates or Accounting Estimates?

Understanding Estimates/Accounting estimates? The accounting process often presents certain scenarios where an amount or item in the financial statements…

6 min read Aug 17, 2020

What Is Cost of Goods Sold (COGS)? Definition, Calculation, Examples

Accounting

What Is Cost of Goods Sold (COGS)? Definition, Calculation, Examples

The cost of goods sold (COGS) is a significant part of a business Income Statement and plays an essential role in calculating the net income for a business. Understanding the cost of goods sold (COGS) helps businesses to find out about their financial health and profitability.

11 min read Aug 17, 2020

Accounting

What is a Profit & Loss Statement?

Index * P&L Statement: Use-Cases * What is a P&L Statement? * What are the Key Elements of a…

11 min read Aug 16, 2020

Accounting

Everything to Run Your Business

Everything to Run Your Business