Cash Flow Statement: Accounting Glossary
If the company’s inflows of cash exceed its outflows, its net cash flow is positive. This information can be of great interest to investors as an indicator of a company’s financial health, especially when combined with other data. Utilizing historical data from 2 2 perpetual v. periodic inventory systems financial and managerial accounting the cash […]
Cloud Based Property Management Software
Yardi Breeze Premier has everything we need to run our communities with minimal software training, and support is always at our fingertips. I have more time to focus on the management aspect of my job and spend far less energy crunching numbers. Breeze is especially useful for me when my services are being evaluated by […]
How to Outsource Your Bookkeeping Bench Accounting
For example, a bookkeeping firm may hire professional bookkeepers with certifications. And if your current bookkeeper needs to take a leave of absence, the firm can replace them with another bookkeeper to fill the gaps. accounts payable stockholders equity The above reasons aren’t the only signs that you should outsource your bookkeeping. Reduced Overhead Costs […]
Xero vs FreshBooks: Accounting Software Review
FreshBooks is a comprehensive cloud-based accounting and invoicing software ideal for service-based businesses, freelancers and independent contractors. Known for its customizable invoicing, customer support and robust project management features, FreshBooks simplifies bookkeeping. https://www.simple-accounting.org/ The platform helps small businesses bill clients, track expenses, process payments and more. Xero accounting software is a cloud-based system that helps […]
Finance and Accounting Business Process Outsourcing FAO
Now that the cost of outsourcing is less than the pay of one financial executive, many companies are beginning to outsource their finance and accounting operations more frequently. Cutting overhead and getting better financial leadership is critical to the success of all companies. By understanding where the industry is currently and where it is moving, […]
First-In First-Out FIFO Method
The inventory record and COGS are updated immediately after the sale, which is the “perpetual” part of the perpetual FIFO method. This approach reflects the natural flow of inventory for many types of businesses, especially those dealing with perishable goods. Moreover, during periods of inflation, using FIFO results in a lower COGS and higher inventory […]
Bookkeeping Questions and Answers
If you need a refresher course on this topic you can view our bookkeeping basics tutorials here. The bookkeeping basics quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below. Test your knowledge of bookkeeping and accounting with […]
Comprehensive Real Estate Accounting Guide: From Basics to Advanced
Regular reviews, performance analysis, and transparent reporting are essential components. Training sessions and advanced software solutions can further enhance financial stability. For real estate professionals, showcasing financial stability is a core skill. Accurate showcasing ensures that businesses present a strong financial image. It’s a critical aspect of successful real estate accounting that enhances market reputation. […]
Retained Earnings Guide, Formula, and Examples
During the same period, the total earnings per share (EPS) was $13.61, while the total dividend paid out by the company was $3.38 per share. As an investor, one would like to know much more—such as the returns that the retained earnings have generated and if they were better than any alternative investments. Additionally, investors may […]
Long term liabilities: Definition, Types, Examples
The following example contrasts the entries recorded by BDCC for the note receivable to the entries recorded by Bendix Inc. for its note payable. The $20,000 notes payable, due November 30, 2024 is a current liability because its maturity date is within one year of the balance sheet date, a characteristic of a current liability. The […]
