Investing activities section of statement of cash flows
Long-term productive assets (also known as non-current assets or fixed assets) are purchased to be kept and used in business for a long period of time. They are capital assets and are purchased to maintain or enhance the production or trading capabilities of the entity. Examples of such assets include plant and machinery, equipment, tools, […]
Contribution Margin Ratio Formula Per Unit Example Calculation
This demonstrates that, for every Cardinal model they sell, they will have \(\$60\) to contribute toward covering fixed costs and, if there is any left, toward profit. Every product that a company manufactures or every service a company provides will have a unique contribution margin per unit. In these examples, the contribution margin per unit […]
Personal Account in Accounting: Rule, Types & Examples
When firm A receives money or credit from another business or individual, it becomes the recipient. In the event of a personal account, the other business or individual who contributes to it takes over as the giver. Public accountants (also referred to as personal accountants) work for a company that provides accounting services to a multitude […]
QuickBooks Online Login: Sign in to Access Your QuickBooks Account
Those who left a QuickBooks Live Bookkeeping review appreciate that their dedicated bookkeeper not only performs ongoing maintenance of their books but also helps them get set up and fix past errors. Also, reviewers said that they like the ability to speak with a live person with various communication preferences, including one-way video conferencing. Pricing […]
The Basics of Outstanding Shares and the Float
Floating shares serve as a good representation of the company’s active shares or share turnover among various investors in the market, excluding parties holding substantial portions of equity. Conversely, the outstanding number of shares will decrease if the company buys back some of its issued shares through a share repurchase program. Authorized shares are the […]
QuickBooks Desktop, Compare QuickBooks Desktop to Online
QuickBooks Online has over 750 integrations to choose from, including common software programs, such as Shopify, Gusto, and Mailchimp. This service gives you access to a QuickBooks debit card, cash flow forecasting, a small business guide to cost centers and QuickBooks Envelopes, which is a place to set aside savings. Learn more about the details […]
Control account Definition & Meaning
Control accounting helps create streamlined financial reports, and can provide an additional verification step to ensure accuracy. For example, an accounts receivable control account must have a subtotal which matches the customer balances in the sub ledger. If there is a discrepancy with these totals, then there is an error somewhere in the books which […]
28 Bookkeeping Skills You NEED as a Bookkeeper
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The Complete Guide to Outsourced Accounting
To learn more about LBMC’s outsourced accounting services, contact an advisor today. That means you won’t get to spend as much face-to-face time with your accountant as you would if they were your employee. If you’re bringing in an outsourced controller to help manage your existing team, it’s necessary to carefully consider what this relationship will […]
Adjusted Trial Balance Format Preparation Example Explanation
Here, the adjustment will be $ 80,000.00 as the total salary payable adjusting entries is $ 80,000. My Accounting Course is a world-class educational resource developed by experts to simplify accounting, finance, & investment analysis topics, so students and professionals can learn and propel their careers. Shaun Conrad is a Certified Public Accountant and CPA […]
