Category: Bookkeeping

Stockholders’ equity measures the ratio of assets to liabilities in a company. It can also be referred to as shareholders’ equity, owner equity or book value. In terms of its application, stockholders’ equity can be used to generate a financial...

Centime offers both standalone and all-in-one cash management solutions depending on your business needs. differences between ebitda and operating cash flow Our integrated 13-week cash forecast helps you plan and prioritize collections. Before you purchase AR automation software, make sure...

This extends the amount of time cash is tied up and adds a layer of uncertainty and risk around collection. It might indicate that the business has too much inventory or is not investing its excess cash. Alternatively, it could...

An operational reconciliation is needed to ensure the physical inventory matches the bookkeeping records. Not unlike payment reconciliation, operational reconciliation cross checks each item to make sure the books match the stock. During the matching phase, all payment records are...

The cash flow statement shows how well a company manages cash to fund operations and any expansion efforts. In this article, we’ll examine the balance sheet and income statement and their differences. Both financial statements report different aspects of the company’s...

The process of finding and correcting mistakes of this kind is called Rectification of Errors. Rectification of Errors can be addressed by answering the questions of what, why, and how. See what correction is needed (i.e., the rectified entry that...

Quickbooks and Xero have a general ledger, trial balance, and receivable and payable accounts included. These double-entry software packages remove pressure from their operators. Double-entry accounting is a bookkeeping system that records financial transactions in two different accounts of a...

This helps you develop realistic budgets and allocate resources strategically to achieve your nonprofit’s goals. The expenses your organization incurs should all support your mission in some way, whether that’s by funding daily nonprofit operations or a specific project relevant...

In addition, the absence of student learning objectives makes ithard to focus on the salient parts of a chapter. Lastly, the textbook does notprovide practice exercises as customary of financial accounting textbooks. The text reading follows typical financial accounting flow....

The software systems featured here can help you manage business finances more efficiently and help your business grow. Even though we generally prefer Xero to QuickBooks, QuickBooks Online remains the most popular accounting software for US-based accountants, bookkeepers, and auditing...