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...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
September 27, 2021
Charles Lutwidge
Bookkeeping: 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...
September 20, 2021
Charles Lutwidge
Realization Principle
When you sell goods or maybe your business provides services instead, you get paid money which is considered to be your revenue. It is one of the most important aspects of a company’s operations and reporting. In this regard, of...
September 17, 2021
Charles Lutwidge
Consolidated Financial Statements
Due to the impact of many objective factors (growth of business complexity, the need to diversify risks, the possibility of tax optimization, etc.), many entrepreneurs have a real need for the simultaneous development of many areas of activity, formation of...
