That is, each entry made on the debit side has a corresponding entry (or coverage) on the credit side. The accounting equation states that a company’s total assets are equal to the sum of its liabilities and its shareholders’ equity. This straightforward relationship between assets, liabilities, and equity is [...]
The first thing to decide is whether you need to hire a bookkeeper full time or engage someone on a temporary or temporary-to-hire basis. You could use a specialized staffing agency to find skilled candidates who would be a solid match for your company until you’re ready for a [...]
It is possible to analyze the efficiency with which a company’s assets generate pretax income, and allocate this income in proportion to the capital structure. We can then determine the amount that each set of assets contributes to net income. We would expect that management would be able to [...]
And the more complex your business’s financials, the more likely you’ll want to bring on a dedicated bookkeeping service. If you haven't always been diligent about your financial record-keeping, most bookkeeping services will go through your old receipts, invoices and bank statements to bring your books up to date. [...]
Lucky, it’s a pretty straightforward process…you just need to know where to start. Sometimes when eligibility responses come back it will explain what’s “in-network” and “out of network”. They’re mental health billing for dummies a 5-digit code that the Department of Health and Human Services (HHS) created to [...]
Content Data Analytics Famous Questions What Is Fetal Alcohol Syndrome? References What are the 4 principles of GAAP? Estimating Contingent Liabilities If a contingent liability is deemed probable, it must be directly reported in the financial statements. Contingency estimate by state or legal entity — If you plan to perform a sample or use an alternative [...]
The truth is, for many entrepreneurs, making sense of the startup financial forecast is their #1 stumbling block. Creating a startup financial forecast can feel like navigating choppy storm-tossed waters. Financial projections are created to help business owners gain insight into the future of their company’s financials. [...]
Content CHARTERED MANAGEMENT ACCOUNTANT Job Description for Bookkeeper What does a Bookkeeper do? Accounting and Finance with a year in Industry Accounting and Finance and Economics with a Year in Industry Mathematics and Accounting and Finance with a Year in Industry Having the software in the cloud has many benefits from not having to update your [...]
Shares are small pieces of your company that are worth a certain dollar value. If you total up the how to get total equity value of all the shares you own, that’s your total stock in the company. In this case, it’s just the value of all your [...]
Content Fixed Assets (IAS : Definition, Recognition, Measurement, Depreciation, and Disclosure Accumulated Depreciation in a Trial Balance Accumulated Depreciation and the Sale of a Business Asset Need help with accounting? Easy peasy. Debit or Credit? Showing contra accounts such as accumulated depreciation on the balance sheets gives the users of financial statements more information about [...]
