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Charles Lutwidge

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Charles Lutwidge is a writer with a passion for helping small businesses succeed. Having worked at multiple startups, Charles understands the unique challenges that entrepreneurs face. He writes about a wide range of topics, from management to bookkeeping to technology — all with a focus on helping business owners overcome key obstacles to growth.

Email: charles@bookstime.com
Phone: 8889026657

December 02, 2020

Charles Lutwidge
Explanation and Calculation of the Owner’s Equity

Explanation and Calculation of the Owner’s Equity

Definition Owner’s equity is the enterprise’s funds embodied in net assets, funds initially invested by its founders or participants, as well as its financial results accumulated (lost) in the course of its activity – profits and losses received (incurred) over...

Reading Time 2 mins
0 / 5 (0 voted)
Never Worry About Your Bookkeeping Again
Never Worry About Your Bookkeeping Again

Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.

November 30, 2020

Charles Lutwidge
Average Collection Period

Average Collection Period

An effective operation of a company largely depends on the timely receipt of funds from customers. To control overdue payments, an average debt collection period indicator is used. A definition of the average collection period is the average length of...

Reading Time 2 mins
0 / 5 (0 voted)

November 27, 2020

Charles Lutwidge
Adjusted Trial Balance Basics

Adjusted Trial Balance Basics

Definition Before proceeding to the preparation of management and financial reports, an Adjusted Trial Balance is prepared. For that, adjustment entries are made to the Unadjusted Trial Balance. The latter are necessary in order to ensure an accurate reflection as...

Reading Time 3 mins
0 / 5 (0 voted)

November 25, 2020

Charles Lutwidge
Cost of Goods Manufactured

Cost of Goods Manufactured

To make any goods, a number of different resources are spent. Manufacturing enterprises convert raw materials and supplies into finished products through the use of labor and plant equipment. The sum of all costs incurred will constitute the cost of...

Reading Time 2 mins
0 / 5 (0 voted)

November 23, 2020

Charles Lutwidge
Introduction to Capital Expenditure

Introduction to Capital Expenditure

Definition Capital expenditure can be defined as any expenditure incurred in creating, acquiring, expanding, or improving an asset for use by a company. The important point is that the benefit from such capital expenditures will be spread over a number...

Reading Time 3 mins
0 / 5 (0 voted)

November 20, 2020

Charles Lutwidge
Gross Margin Ratio

Gross Margin Ratio

Gross Margin The goal of any company is to generate money. This income of funds can be calculated and analyzed using different financial and accounting indicators. There are such concepts as revenue, net profit, and gross profit. Gross profit (margin)...

Reading Time 2 mins
0 / 5 (0 voted)

November 20, 2020

Charles Lutwidge
Pros and Cons of Capital Stock

Pros and Cons of Capital Stock

Capital stock (share capital) emerged in the middle of the 19th century with the emergence of a joint-stock form of ownership, when the need for the implementation of investment projects that were beyond the power of sole ownership or partnership...

Reading Time 2 mins
0 / 5 (0 voted)

November 19, 2020

Charles Lutwidge
Financial Leverage: What is It and Why a Business Needs One?

Financial Leverage: What is It and Why a Business Needs One?

Definition Leverage means the use of borrowed capital as a source of investment financing in order to increase assets and generate higher returns. In finance, through financial leverage, you borrow money, invest, and try to increase your profits through higher...

Reading Time 3 mins
0 / 5 (0 voted)
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