by Patricia | Dic 16, 2022 | Bookkeeping
The current ratio is a liquidity measurement used to track how easily a company can meet its short-term debt obligations. Measurements of less than 1.0 indicate a company’s potential inability to pay what it owes in the short term. The current ratio is a...
by Patricia | Dic 1, 2022 | Bookkeeping
Be prepared to communicate mainly through email or messaging apps like Slack. Virtual bookkeeping is especially helpful if your business mostly deals with digital transactions rather than cash. While a virtual bookkeeper can handle cash transactions, it’s faster and...
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 | Jun 29, 2022 | Bookkeeping
However, do note that other fixed costs like marketing and administrative expenses and indirect costs do not constitute the cost of goods sold by an establishment. Also, the gross profit margin can be computed as 1 − Cost of sales ratio. It can impact a company’s...
