A public company’s income statement is an example of financial accounting. The company must follow specific guidance on what transactions to record. In addition, the format of the report...
QuickBooks, a leading accounting software, offers a powerful toolset for precisely this purpose. Just like balancing your checkbook, you need to review your accounts in QuickBooks to make sure they match...
Do you have a great startup app idea that could disrupt the industry you want to tap into? You can outsource complete app development to the right experts to make your idea a...
Do you have a great startup app idea that could disrupt the industry you want to tap into? You can outsource complete app development to the right experts to make your idea a...
This is because while some types of income are easy and cheap to generate, others require considerable effort, time, and expense. Now that we have the high-level information behind...
Accounts are usually listed in the general ledger with their account numbers and transaction information. Here is what an general ledger template looks like in debit and credit format. One way...
We need to calculate how much shareholders’ equity is available to the common stockholders. Despite the increase in share price (and market capitalization), the book value of equity per...
Our AI-powered tool gives you daily access to your company’s finances while our expert finance team double-checks the numbers every step of the way. The sales returns account contains...
Bonds can be useful for adding a conservative component to an investment portfolio to balance out stocks or other high-risk securities. Debentures are a specific type of bond that...
In theory, book value should include everything down to the pencils and staples used by employees, but for simplicity’s sake, companies generally only include large assets that are easily...