by Brian Davis | Feb 26, 2024 | Bookkeeping
If a transaction were not in balance, it would be difficult to create financial statements. Expenses are the monetary charges that a company incurs from the day-to-day operation of its business. Companies break down their expenses and revenues in their income...
by Brian Davis | Sep 26, 2023 | Bookkeeping
Share capital is the money a company raises by selling its shares to shareholders in exchange for cash. If the same assumptions are applied for the next year, the end-of-period shareholders equity balance in 2022 comes out to $700,000. Next, the “Retained Earnings”...
by Brian Davis | Jul 4, 2023 | Bookkeeping
By following these best practices, you can effectively manage accrued revenue and get a more accurate picture of your financial performance. Frequently analyze accrued income to understand patterns or trends that can offer insights into business performance....
by Brian Davis | Dec 30, 2022 | Bookkeeping
That means you’re making business decisions based on the best available data. Standout features include the ability to organize, store, and retrieve a wide range of construction-related paperwork. Its APFlow feature allows supervisors and managers to review, approve,...
by Brian Davis | Jun 30, 2022 | Bookkeeping
It is often calculated by multiplying the sales price by the number of units sold. This is true when there are no non-operating items to be accounted for. Risk tolerance means the amount of market volatility or loss you can tolerate in your account. Ask Any Financial...
