July 31, 2021
Charles Lutwidge
Explanation of Future Value of an Annuity with Examples
Value of Money Financial management requires the constant implementation of various calculations related to cash flows in different periods of time. Estimating the value of money over time plays a key role in these calculations. Its essence is that the...
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July 31, 2021
Charles Lutwidge
What Is a Budget Report?
Definition One of the main distinguishing features of management accounting is its focus on the current and future activities of the enterprise. For financial management accounting, financial planning, which is also traditionally called budgeting, is responsible for the present and...
July 22, 2021
Charles Lutwidge
Cash Flow from Assets
Company managers, investors, and other parties are interested in financial security and business stability, which is largely determined by the generated cash flow. Cash flow is the sum of cash receipts and payments for a certain period of time, which...
July 22, 2021
Charles Lutwidge
Explanation of Prepaid Insurance with Example
Prepaid Expenses Insurance is obviously an expense to a business. Thus, before we look at prepaid insurance, let’s look at a definition of prepaid expenses. Prepaid expenses are an asset, which means it is something that your business owns and...
July 21, 2021
Charles Lutwidge
What CPAs are
Introduction: “Behind every good business is a great accountant.” – Anonymous Accountants are the backbone of financial management in businesses and organizations. Practical accounting leads to superior financial statement turnouts. Without these fine folks, companies would drown in the ever-growing...
July 15, 2021
Charles Lutwidge
What is the Present Value of an Annuity Table?
What is an annuity? Buying goods or other property, the individual most often turns to the bank. A standard offer for repayment of a loan is an annuity, the cost of which can be calculated independently using an online calculator...
July 14, 2021
Charles Lutwidge
Review of the 6 Best Virtual Bookkeeping Services in 2021
An entrepreneur or a business owner does not have to know how to do bookkeeping. After all, when you need to have electrical work or plumbing done in your office, you hire an electrician or plumber. Why should you do...
July 13, 2021
Charles Lutwidge
Outsource Bookkeeping Solutions for Businesses
Overview Accounting in an enterprise is a serious and responsible task. Loss of necessary information, errors in accounting, inaccurate reflection, and untimely preparation of financial statements entail many risks. At the same time, reducing costs and increasing efficiency are now...
