Category Archive for "Bookkeeping"

Entry-level positions in finance include financial analyst, loan officer, and investment analyst. When you study finance, you’ll learn principles in financial management, financial modeling, investments, and how economic factors can affect your company and the financial markets. This type of…

Current assets are short-term economic resources that are expected to be converted into cash or consumed within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, and various prepaid expenses. Long-term Investments This account or asset category…

To account for these changes in technology and production, many organizations today have adopted an overhead allocation method known as activity-based costing (ABC). This chapter will explain the transition to ABC and provide a foundation in its mechanics. Direct labor…

Let’s take another case where your company recorded operating income of the same amount, $100,000, with the same tax rate of 10%. However, this time, you also record an expense of $5,000 on your business’s income statement. APY, or annual…

Decentralization improves the level of job satisfaction as well as employee morale, especially amongst the lower level managers. In such a managerial set-up, only return on equity the top management has the power to make decisions. Decentralization is an effective…

This encompasses recording all expenditures, such as product costs, shipping fees, and marketing expenses. Even if you have experience with bookkeeping, there are some important nuances to ecommerce accounting you’ll want to follow. Here, you’ll learn about how to keep…

Monitoring the budget also provides an opportunity for board directors to move money around to allocate it efficiently as their cash flow changes. Managing a budget for a nonprofit organization is much like planning a household budget, except that there…

The left column is for debit (Dr) entries, while the right column is for credit (Cr) entries. “Daybooks” or journals are used to list every single transaction that took place during the day, and the list is totaled at the…