Category: Bookkeeping

Typical current assets that are included in the net working capital calculation are cash, accounts receivable, inventory, and short-term investments. The current liabilities section typically includes accounts payable, accrued expenses and taxes, customer deposits, and other trade debt. A healthy business has working capital and the ability to pay its short-term bills. A current ratio of more than one indicates that a company has… Continue reading Understanding Changes in Working Capital: Formula and Implications

Document both findings and planned adjustments to maintain accountability and track progress over time. Customize your template based on your organization’s specific needs and reporting requirements. Consider board expectations, grant requirements, and program manager input. Grant tracking helps monitor restricted funding compliance, while cash flow projections ensure adequate liquidity. Regular comparison of budget versus actual… Continue reading Nonprofit Budgeting: Step-by-Step Guide + Free Template

They also describe the story as entertaining, wise, and illuminating. Starting off on the night of her last drink, Stumbling Home quickly reveals the author’s love-hate relationship with the legal drug. It then brings the reader along on the sundry adventures she takes under the influence, interspersed with the challenges she faces when she quits, ultimately, on… Continue reading The 10 Best Addiction Memoirs

If financial terms like income and expense, debits and credits, and balance sheet make you cringe, you probably aren’t alone. And unless you have the budget to hire an in-house accounting department, you might not know what your options are in terms of making sure your bookkeeping gets done properly and on time. Virtual bookkeeping… Continue reading Certified Public Accountants

That means a contractor’s profit margin may be held back long after their portion of the work is complete. On top of that, construction is a notoriously volatile industry with a high failure rate, slow time to payment, and inconsistent cash flow. Since construction jobs are invoiced on a regular basis, it’s important to ensure… Continue reading Construction Accounting 101: A Complete Guide Blog

It doesn’t provide a complete picture of a company’s financial health, as it doesn’t take into account any transactions that have been invoiced but not yet paid or received. The revenue recognition principle, on the other hand, dictates that revenue is recognized when it is earned and realizable, regardless of when payment is received. This… Continue reading Accrual Accounting: Key Principles and Business Implications

They are not guaranteed a sale, and their goods are stored with a foreign business. However, consignment has its benefits, including giving exporters the ability to better compete with locally produced items, and reducing the costs of storage and managing inventory. Plus, the goods are closer to the end buyer, which allows for faster deliveries.… Continue reading consignment Wex LII Legal Information Institute

The adjusted acquisition price of a stripped bond or coupon at the beginning of the first accrual period is its purchase (or acquisition) price. The adjusted acquisition price at the beginning of any subsequent accrual period is the sum of the acquisition price and all of the OID includible in income before that accrual period.… Continue reading Amortizing Bond Discount Using the Effective Interest Rate Method

Content Where do you see your company and brand a year from now? Any plans for new products/flavors in the coming months? How do you educate consumers about your product – from the ingredients to the intended benefits? Data Sources for Review of State Legislation and Regulation B BevNET x Naturally San Diego Meetup Saké… Continue reading Refreshing Basil Drinks Recipes to Impress Friends and Family by Darla Hanger Ebook

An accounting ledger book includes multiple accounts taken from journal entries. While accounting journals are where you first record transactional details, these are classified and summarized in the ledger as an orderly list of debits and credits. Because it’s where the details are recorded for a second time, it’s also known as the second book… Continue reading Understanding What is a Ledger in Accounting: Your Guide to Ledger Accounts And More