Categoría: Bookkeeping

Advice on Finding a Credible Xero Official Bookkeeper

The Xero app marketplace is the best way to explore your options. You also need to link to any active payment services to your Xero account. With a larger variety of payment options, it is easier for customers to pay you. Some parts of the experience require time and...

Accounts Payable Turnover Ratio: Definition, How to Calculate

If the company’s AP turnover is too infrequent, creditors may opt not to extend credit to the business. A higher ratio shows suppliers and creditors that the company pays its bills frequently and regularly. A high turnover ratio can be used to negotiate favorable credit terms in the future....

Finance & Quantitative Modeling for Analysts Specialization Penn

Before diving into more advanced concepts, it is essential to grasp the basics of Excel. This introductory course covers everything from understanding the interface to creating basic formulas and functions. You will learn how to input data into cells, format your spreadsheets, and utilize various tools such as autofill...

FIFO: What the First In, First Out Method Is and How to Use It

Businesses that use the FIFO method will record the original COGS in their income statement. With LIFO, it’s the most recent inventory costs that are recorded first. While there is no one “right” inventory valuation method, every method has its own advantages and disadvantages. Here are some of the...

FIFO: What the First In, First Out Method Is and How to Use It

Businesses that use the FIFO method will record the original COGS in their income statement. With LIFO, it’s the most recent inventory costs that are recorded first. While there is no one “right” inventory valuation method, every method has its own advantages and disadvantages. Here are some of the...

Breakeven Point: Definition, Examples, and How to Calculate

Moreover, you don’t need any collateral such as real estate to secure financing. But note that some lenders may require you to put a personal guarantee or lien on your business assets. This gives the lender rights to go after your assets if you default on your loan. Depending...

What is Revenue? Definition Meaning Example

Without using accrued revenue, revenues, and profit would be reported in a lumpy fashion, giving a murky and not useful impression of the business’s true value. Accrued revenue is revenue that has been earned by providing a good or service, but for which no cash has been received. Accrued...

Revenue Accounts Example Explanation

For many companies, revenues are generated from the sales of products or services. Inventors or entertainers may receive revenue from licensing, patents, or royalties. It is necessary to check the cash flow statement to assess how efficiently a company collects money owed. Cash accounting, on the other hand, will...