July 08, 2022
Charles Lutwidge
Total Equity Formula
Equity in a financial world is a crucial concept and often has different meanings depending on the context. The most common type is related to shareholders’ equity. It is calculated by using the business’s total assets value and subtracting its...
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July 06, 2022
Charles Lutwidge
What is Reorder Point
Maintaining the inventory is not as easy as one would think. A company must have enough items to supply customers, plus more items in case of unexpected increased demand. But buying too many items beforehand is not an option since...
July 04, 2022
Charles Lutwidge
Bookkeeping and Accounting Tips for Small Business
If you need to improve your business strategy, take a look at your bookkeeping method. Proper bookkeeping enables small businesses to plan their budgets, file taxes, reduce taxable income by claiming deductions, etc. Bookkeeping has a myriad of benefits, so...
July 01, 2022
Charles Lutwidge
Debt Service Coverage Ratio (DSCR) Meaning
The debt service coverage ratio (DSCR) is a critical term for small business owners and individuals. DSCR indicates the ability of a company, business, or government to repay its debts. However, the ratio is more commonly used in the business...
June 30, 2022
Charles Lutwidge
What is Accountancy: The Basics and Explanation
You may have come across two different concepts, such as accountancy and accounting. Is it the same term? Or these two concepts have different definitions. Check out the article to find out. Understanding Accountancy Accountancy is a process of managing...
June 29, 2022
Charles Lutwidge
Biweekly vs Semimonthly Payroll
Choosing a payroll schedule may be confusing. Every system has benefits and flaws, which doesn’t make it easier to make up one’s mind. Keep reading the article to learn about two payroll schedules: biweekly and semimonthly payrolls. Hopefully, the article...
June 23, 2022
Charles Lutwidge
Noncumulative Preferred Stock Definition
Investors know that buying a company’s stock leads to getting dividends. Moreover, buying the stock of a promising company can lead to an increase in the stock price in the future. As a result, the investor may get a good...
June 22, 2022
Charles Lutwidge
What Is Obsolete Inventory?
If you own a business with an inventory, the most critical thing is to maintain it properly. Without keeping an eye on the inventory, it may become obsolete. This article focuses on obsolete inventory and ways of treating it. Understanding...
