by admin | Nov 17, 2021 | Bookkeeping
By doing so, all your expenses are downloaded and categorized automatically. It only takes a few minutes to get up and running once you connect your bank account to QuickBooks. You can also sign up for a one-time expert setup with a Live Bookkeeper to get started on...
by admin | Sep 20, 2021 | Bookkeeping
A high current ratio suggests that a company has a strong ability to meet its short-term obligations. The current ratio (also known as the current asset ratio, the current liquidity ratio, or the working capital ratio) is a financial analysis tool used to determine...
by admin | Jun 17, 2021 | Bookkeeping
Therefore, if you make regular deposits into a savings account, monthly home mortgage, monthly insurance account or pension plan, you happen to face an annuity. The first involves a present value annuity calculation using Formula 11.4. Note that the annuity stops one...
by admin | Feb 15, 2021 | Bookkeeping
By interpreting this metric, businesses gain valuable insights into their liquidity position, financial health, and competitive standing. In this section, we will discuss how to read and analyze an average collection period to glean meaningful information for your...
by admin | Dec 23, 2020 | Bookkeeping
Example – the right to direct the use of an asset A customer (C) enters into a contract with a road haulier (H) for the transportation of goods from London to Edinburgh on a specified truck. The truck is explicitly specified in the contract and H does not have...
by admin | Nov 12, 2020 | Bookkeeping
The adoption of absorption costing has direct implications for a company’s tax liabilities. Tax authorities typically require that inventory costs include both fixed and variable production costs, which aligns with the principles of absorption costing. This...
