Bookkeeping

For example, if the cash flow from investing activities is -$50,000 and the OCF is $100,000, then the percentage is -50%. OCF is usually the first section of the cash flow statement, and it reflects the ability of the business to generate cash from its core operations. We can use the direct or indirect method […]

It is a really important software for startups.Additionally, it provides valuable insights for informed decision-making. This enables startups to manage their finances effectively and with greater ease. FreshBooks accounting software for startups is the top choice for the startup owner who wants to make life easier for themselves. How important are integrations with other business

Each point on the graph represents a pair of observations for the cost and the cost driver. The cost is plotted on the vertical axis and the cost driver is plotted on the horizontal axis. ## How to Identify and Analyze cost Behavior Patterns and cost Drivers For example, the number of days, the number

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In such cases, the discount must be approved by the company’s board of directors and shareholders. It is generally not allowed to issue shares at a discount to the face value in India. The utility of authorized capital is that it provides a framework for the company to plan its future capital requirements. Information is

The present value of $10,000 will be earning compounded interest every three months. During the first quarter, the account will earn $200 ($10,000 x 2%; or $10,000 x 8% x 3/12 of a year) and will result in a balance of $10,200 on March 31. During the second quarter of 2025 the account will earn

But because it’s not yet earned, it doesn’t show up as revenue on the income statement right away. It’s also used when the payment received is non-refundable, and the company has no remaining obligations to the customer. It represents the funds a company receives in advance for goods or services it has yet to deliver

Accounting software simplifies the process of preparing financial statements. It automates data entry, transaction categorization, and report generation. With features like real-time updates and integrations with other financial tools, accounting software improves accuracy and saves time. How to prepare a statement of retained earnings in 5 steps. If an accounting error from the previous year

The standard deduction works automatically without requiring receipts or detailed records. ⚖️ New 2026 rules that restrict high earners but expand benefits for educators, parents, and small business owners 🏠 The mortgage interest deduction cap of $750,000 and how to maximize home-related write-offs 💰 How the $32,200 standard deduction works for married couples and when

Then, draw a large “T” shape for each account and write the account name above the horizontal line. A T-account is also referred to as a general ledger account. Debits are placed to the left, and credits are to the right of the vertical line. Whether it’s simplifying key processes or a complete financial transformation