Category: Bookkeeping

A Statement of Activities shows whether an organization made a profit or a loss during a period of time. It is a financial snapshot that can be used to track the organization’s financial progress. While the goal of a nonprofit Read More …

You could also consider refinancing student loans or consolidating debts with a low-interest rate personal loan to save money. Water, gas and electric bills technically fit under the umbrella of basic living expenses. But these costs can fluctuate from month Read More …

So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards Accounting & Financial Planning Services Read More …

A single overhead rate for assigning all of the manufacturing production and service department costs to products. This rate is less accurate than departmental rates if a company manufactures a diverse group of products. In these situations, a direct cost Read More …

If financial accounting is going to be useful, a company’s reports need to be credible, easy to understand, and comparable to those of other companies. To this end, financial accounting follows a set of common rules known as accounting standards Read More …

Many of these endowment policies were poorly managed and failed to deliver the promised amounts, some of which did not even cover the cost of the mortgage. This mis-selling, combined with the poor stock market performance of the late 1990s, Read More …

The first is to create a journal entry with the appropriate vendor’s details and apply it to the existing credit/debit afterward. Just click + bank deposit and create deposits using the same expense acct. If this check is a payroll check, and all Read More …

The net amount – i.e. the difference between the account balance post-adjustment of the contra account balance – represents the book value shown on the balance sheet. Sometimes, it is important to keep the original balance of the accounts and Read More …

Working capital is the amount of money that a company can quickly access to pay bills due within a year and to use for its day-to-day operations. A company with a ratio of less than 1 is considered risky by investors and creditors since Read More …

Chapman said this would lead to “new opportunities for emerging game developers, infrastructure companies and gaming platforms.” Big Tech firms are also primed with plenty of cash to consider more gaming deals, according to Konvoy. Osman Ahmed is a member Read More …