May 26, 2022
Charles Lutwidge
What are net terms?
Typically, businesses have problems with cash flow. On paper, the company may have success, but in reality, clients are late with covering invoices. As a result, companies have to face the consequences. In some cases, these consequences lead to bankruptcy....
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May 25, 2022
Charles Lutwidge
Stocks and Bonds: The Difference
Such terms as stocks and bonds often pop up when people talk about investments on the market. However, it’s critical to understand the difference between these terms since they pose different risks and returns. We have prepared this article to...
May 24, 2022
Charles Lutwidge
How to Calculate Commission in Accounting
Many businesses prefer to award their employees by using different means, such as paying a commission on sales. The calculation formula depends on several factors. We have prepared an article to figure out all the details. You will learn what...
May 22, 2022
Charles Lutwidge
What are Management Assertions?
Management assertions often become nightmarish for people responsible for their preparation. They are used in auditing to ensure which financial records and disclosures are correct. If the audit shows any mistakes, it may cause problems for the company. In the...
May 19, 2022
Charles Lutwidge
How to Balance Purchase Ledger
A well-thought accounting system is vital to any business. That’s why it’s critical to understand all components of an accounting system. One of such components is the purchase ledger. We have prepared an article for our readers to disclose the...
May 18, 2022
Charles Lutwidge
Total manufacturing cost: What is it and how to calculate it
Total manufacturing cost is the amount of money a company spends on its manufacturing operations or how much it generally costs to produce goods that customers will buy. There are three different cost categories to calculate total manufacturing costs: direct...
May 13, 2022
Charles Lutwidge
What Is the Difference Between Gross Sales and Net Sales
These two terms are primarily used to reflect the financial performance of an organization. Gross and net sales help identify the sales made by a business. They provide a complete analysis of a company’s sales, calculated over a specific period....
May 12, 2022
Charles Lutwidge
What is Full Time Equivalent (FTE)
The full-time equivalent is an arithmetic figure for resource management. It specifies the number of fictitious full-time positions with the same work capacity for several real positions with different time models. The full-time equivalent makes it possible to compare the...
