by Patricia | Oct 20, 2022 | Bookkeeping
Cash is essential to run your business successfully and thus by knowing the cash position, you can make informed business decisions. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website....
by Patricia | Sep 19, 2022 | Bookkeeping
This principle ensures that the Accounting Equation stays balanced. So, let’s take a look at every element of the accounting equation. Accountingo.org aims to provide the best accounting and finance education for students, professionals, teachers, and business...
by Patricia | Ago 9, 2022 | Bookkeeping
It’s also highly intuitive—companies generally want to move old inventory first, so FIFO ensures that inventory valuation reflects the real flow of inventory. In contrast, the LIFO inventory valuation method results in a higher COGS so the company can claim a greater...
by Patricia | Mar 7, 2022 | Bookkeeping
Similarly, your liability accounts are a list of the debts your business owes to creditors. Naturally, items like accounts payable, invoices payable, interest payable, accrued liabilities, sales tax payable, and other liabilities fall within this list. In the bigger...
by Patricia | Ene 28, 2022 | Bookkeeping
Think about the complexity of your businesses and how well-versed you are with bookkeeping. Consider accounting software that can manage returns and refunds. Look for automated inventory updates, pre-configured return categories, and integrations with return...
by Patricia | Jul 8, 2021 | Bookkeeping
BPA clearly defines responsibilities and helps teams see how their contributions add up to the greater good while giving anyone a peek into overall progress. Accenture predicts artificial intelligence-infused workflows can boost productivity by up to 40%—an attractive...
