A higher ROE is a good sign for investors, as it demonstrates a strong ability to generate a return on their investment. Debt, on the other hand, refers to money owed to others, such as credit card debt, car loans, or mortgages. Debt is usually repaid with interest, so the longer you carry it, the …
Debt-to-Equity Ratio: What Is It & How To Calculate Read More »
The platform streamlines financial operations through automated bookkeeping and accounting processes, building upon a robust foundation of essential features. These include a structured chart of accounts, an integrated general ledger, and comprehensive financial reporting accessible through a customizable dashboard. Daily operations are simplified through automated bank reconciliation and intuitive cash flow management tools, while Hubdoc …
Xero data reports ongoing sales and payment challenges for Canadian small businesses Read More »
Online reputation management for financial firms means strategically managing public perception. At Lisa Baca Bookkeeping we pride ourselves in offering a wide assortment of financial services that best suites your personal and business needs. Give us a call today to experience of the difference of working with the incredible lisa baca bookkeeping staff at Lisa …
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Hence, it is important to properly account for inventory purchases in making journal entries into the accounting record. A mistake of recognition of inventory purchase may lead to a big misstatement on both the balance sheet and income statement. We can make the journal entry for purchased merchandise on account by debiting the purchases account …
One of the only circumstances shareholders may be impacted by par value is if the issuing company goes bankrupt and the shareholder acquired the shares of stock for below par value. In this rare circumstance, debtors can legally pursue these shareholders for the difference between what they paid for the shares and the par value. …
Par Value Stock vs No-Par Value Stock: What’s the Difference? Read More »
Her diverse background includes working in various sectors such as retail, manufacturing, health & hospitality, and shipping. Revaluing machines with nil book value would effectively mean that you are changing your accounting policy and here the standard IAS 8 gets the word again. However, if you really forgot to revise the useful lives in the previous …
Managing Fully Depreciated Assets in Accounting Practices Read More »
The current variable cost will be higher than before; the average variable cost will remain something in between. When the manufacturing line turns on equipment and variable cost ramps up production, it begins to consume energy. When it’s time to wrap up production and shut everything down, utilities are often no longer consumed. As a …
Variable Costing What Is It, Examples, How To Calculate, Formula Read More »
The fair market value of an asset is the amount or value a company expects to get on the disposal of the asset. For example, a company vehicle encountered an accident and is now out of order. The book value of this vehicle is still showing some worth of this asset, but its market price …
Discover how to simplify personal loans with minimal documentation, instant approvals, and hassle-free processes. These are the revenue patterns you should consider when deciding whether to implement either fixed or variable budgets. Flexible budgets’ emphasis on cost behavior supports more accurate budgeting as activity fluctuates. If you’re using a flexible budget, you want to be …
Fixed Vs Flexible Budget : An Overview of Differences With Table Read More »
For example, a contra accumulated depreciation account can offset a fixed asset. Whereas assets normally have positive debit balances, contra assets, though still reported along with other assets, have an what is the liability to equity ratio of chester opposite type of natural balance. Contra equity reduces the total number of outstanding shares on the …
Contra Revenue: Streamlining Returns, Discounts, & Allowances Read More »
