September 30, 2021
Charles Lutwidge
What Is Sales Margin and How to Calculate It?
When starting a business, most entrepreneurs are unfamiliar with many economic concepts and processes. Nevertheless, over time, you have to master this too. After all, business owners are always interested in developing and increasing the income of their company. One...
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September 29, 2021
Charles Lutwidge
The Basics of Cost Accounting
Overview In the course of their activities, enterprises are faced with certain costs, without which it is impossible to achieve goals and which are the main constraints to business success. Hence, we can conclude that the efficiency of an enterprise...
September 28, 2021
Charles Lutwidge
What Is Opening Balance Equity?
Accounting Equation To help you better grasp the meaning of the Opening Balance Equity why it is created and what you should do with it, we are going to review some basic accounting concepts. Many do not know that the...
September 27, 2021
Charles LutwidgeBookkeeping: What is a 3-Way Match?
Nowadays, 3-way match processing is widely used by accountants and business owners. What is this and what role does it play in business processes and success? Get answers to these questions in this article. Overview Doing business does not just...
September 24, 2021
Charles Lutwidge
Learn How to Calculate Salvage Value of Assets
Definition It is hard to imagine any type of business without at least some time of long-term assets on its books. They are used in offices, in manufacturing facilities, to provide services, and so on. Most of these assets can...
September 23, 2021
Charles Lutwidge
Stockholders’ Equity: How to Calculate?
Definition Stockholders’ equity shows what funds the investors who purchased the company’s stocks own in the company. This is a financial indicator that characterizes the amount of funds owned by members of the organization. Equity and net assets are essentially...
September 22, 2021
Charles Lutwidge
Percentage of Sales Method: Explanation with Examples
Financial Forecasting The effective activity of enterprises in a market economy largely depends on how reliably they foresee the long-term and short-term prospects of their development, that is, on forecasting. Forecasting the activities of enterprises is an assessment of the...
September 21, 2021
Charles Lutwidge
Prepaid Insurance Journal Entry
Prepaid expenses The expenses of an organization are recognized as a decrease in economic benefits as a result of the disposal of assets (cash, other property) and (or) the occurrence of liabilities, leading to a decrease in the capital of...
