September 02, 2020
Charles Lutwidge
A Simple Explanation of Straight Line Depreciation
Definition and Formula The method of accounting for the allocation of costs of any physical or tangible asset during its useful life is known as depreciation. These costs arise due to: Use Wear and tear The passing of time Obsolescence....
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September 02, 2020
Charles Lutwidge
Internal Controls in Accounting
What are Internal Controls? Let’s first look at the definition of internal controls in accounting. Internal control is a management process involving the people of the organization (the responsibility lies with management and the board of directors). Every company has...
September 02, 2020
Charles Lutwidge
Accounting in Banks Simplified
Most people are confused by bank accounting. We know how a company accounting works because a lot of us have more or less experience with it. Bank accounting is different. At the same time, we are sure you will find...
September 02, 2020
Charles Lutwidge
Small Business Guide for Invoice Payment Terms
Invoice Basics A business is setting up its expectations ahead with invoice payment terms. To do this you need to make sure that you cover exactly how and when you expect to be paid. So what do you do? You...
September 02, 2020
Charles Lutwidge
Working Capital Ratio: Definition and Example
Sometimes, it is not enough to say a business is in “good health” or “bad health”. Thus, the management and investors often turn to financial ratios to put a number on this health, properly evaluate it and make the right...
September 02, 2020
Charles Lutwidge
Better Bookkeepers Review
Good bookkeeping makes a great business. It is one of the most essential roles that must be taken care of if you want to stay in business. Yet, doing bookkeeping is likely not why you started your business. Then why...
September 02, 2020
Charles Lutwidge
Your Guide to the Real Estate Capitalization Rate
Individuals who are relatively new to the world of real estate finance often do not really understand the concepts capitalization rates and how one applies them in commercial real estate. That is not a problem because this article will introduce...
September 02, 2020
Charles Lutwidge
Completed Contract Method
What is a Completed Contract Method? The completed contract method is very conservative. There is going to be no revenues recognized, no expenses recognized and certainly, no gross profit recognized until the contract is entirely complete. There is no spacing...
