It’s a way of managing your day-to-day transactions and stay on top of possible accounting errors. Every business transaction is recorded twice—once as money leaving an account (a credit) and again as money entering an account (a debit). In the past, the general ledger was literally a ledger—a large book where financial data was recorded […]
Two of those names are FreshBooks vs Wave that are equally popular and recommended by small business owners and accounting enthusiasts alike. If you're behind on your tax payments or have past years where you didn't even file a return, you probably feel the pressure mounting. In the dynamic world of business, having real-time […]
When a financial budget is created, the exact price of materials is unknown. Direct material purchases can add up to 70% of all the costs in manufacturing companies. This helps business stakeholders to make more informed pricing decisions and finance functions to give more accurate forward-looking statements on overall future profitability.
At the same time, PPV […]
When a financial budget is created, the exact price of materials is unknown. Direct material purchases can add up to 70% of all the costs in manufacturing companies. This helps business stakeholders to make more informed pricing decisions and finance functions to give more accurate forward-looking statements on overall future profitability.
At the same time, PPV […]
Every year, your money will depreciate by a certain percentage, called the discount rate. Additional complexity arises when the cash flow changes sign several times; i.e., it contains outflows in the midst or at the end of the project lifetime. The term is also widely used in other types of investment areas, often with respect […]
This facilitates detailed auditing and eliminates time wasted searching for specific documents. Integrations, on the other hand, connect Xero to external software platforms to facilitate data flows between systems. They don't necessarily add new capabilities but allow Xero to communicate with other tools you use.
Bill.com also recently acquired Invoice2go, an all-in-one tool that helps you to […]
It is a conventional approach for the least square approximation of a set of equations with unknown variables than equations in the regression analysis procedure. The method uses averages of the data points and some formulae discussed as follows to find the slope and intercept of the line of best fit. This line can be […]
We've highlighted some of the basic principles of each method below, along with examples to show how they're calculated. The sum-of-the-years digits method is an example of depreciation in which a tangible asset like a vehicle undergoes an accelerated method of depreciation. Under the sum-of-the-years digits method, a company recognizes a heavier portion of depreciation […]
Selling and administrative expenses increased from 36.7 percent in 2009 to 37.5 percent in 2010. Since we use net sales as the base on the income
statement, it tells us how every dollar of net sales is spent by
the company. For Synotech, Inc., approximately 51 cents of every
sales dollar is used by cost of goods sold […]
The fulcrum security (or fulcrum debt) is one of the most essential concepts to understand in the context of corporate restructuring. Barclays Private Bank provides discretionary and advisory investment services, investments to help plan your wealth and for professionals, access to market. You now have control of a debt-free company worth $1 billion in exchange […]