The budgeted income statement might show a substantial rise in marketing expenses to support the launch. However, it also forecasts higher revenues that more than offset these costs, resulting in a healthy net income. This gives the startup a clear picture of the financial implications of the product launch andRead More

When an account has a balance that is opposite the expected normal balance of that account, the account is said to have an abnormal balance. For example, if an asset account which is expected to have a debit balance, shows a credit balance, then this is considered to be anRead More

The budgeted income statement might show a substantial rise in marketing expenses to support the launch. However, it also forecasts higher revenues that more than offset these costs, resulting in a healthy net income. This gives the startup a clear picture of the financial implications of the product launch andRead More

Borrow money refers to the act of acquiring funds from a borrow money meaning lender with the agreement to return the amount borrowed, typically with added interest, within a specific period. This practice is commonly seen in personal, business, and financial transactions where one party requires extra capital or resourcesRead More

With these features, a centralized procurement system will significantly accelerate the whole spend analysis process and enable you to stay regular. It’s tedious and Online Bookkeeping time-consuming to search for vital information for spend analysis when there’s no centralized approach to creating and storing procurement documents or when there isRead More

This will ensure the original cheque gets to the bank instead of being lost. When it comes to stale checks, simply voiding the old one and reissuing a new one is usually all it takes to solve the problem, but there are always exceptions. Without proper proof of identity, aRead More

Promoting this adherence to contract terms ultimately helps optimize your procurement efforts and control costs, and solid contract management software is a tool that will help you get there. Namely, their purpose is to help you strategically select the best suppliers and, this way, optimize costs and improve procurement performance.Read More

Since companies often purchase inventory on credit, a related concept is the working capital cycle—often referred to as the “net operating cycle” or “cash conversion cycle”—which factors in credit purchases. Conceptually, the operating cycle is the number of days that it takes between when a company initially puts up cashRead More

It measures the percentage of return your assets generate by dividing net profits by the asset’s purchase price. Track ROA to see which assets contribute to the company’s bottom line and which may need to be replaced. Investors calculate earnings per share (EPS) to see if a publicly traded companyRead More

You don’t have to be an accountant to easily understand how to create pay stubs. However, understanding the foundations can help you choose the best pay stub solution for your business today. If you notice an error on your paycheck stub, such as incorrect hours or deductions, contact your employerRead More