por Rocio Aguado - Fotografia | Oct 28, 2022 | Bookkeeping
These revenues will be balanced on the assets side, appearing as cash, investments, inventory, or other assets. It may be presented for a standalone entity or the group- companies on a consolidated basis. Use this simple, easy-to-complete balance sheet template to...
por Rocio Aguado - Fotografia | Sep 13, 2022 | Bookkeeping
The process of transferring information from the General Journal to the General Ledger, for the purpose of summarizing, is known as posting. Entries relating to a particular account are all collected in that account, and so its position may be known when needed....
por Rocio Aguado - Fotografia | Jul 14, 2022 | Bookkeeping
At the beginning of your amortization schedule, a larger percentage of each monthly payment goes toward loan interest. “On a fully amortizing loan, the loan payments are determined such that, after the last payment is made, there is no loan balance outstanding,”...
por Rocio Aguado - Fotografia | Oct 5, 2021 | Bookkeeping
It involves taking a cost that is known (such as the cost of materials) and then applying a percentage (the predetermined overhead rate) to it in order to estimate a cost that is not known (the overhead amount). The formula for the predetermined overhead rate is...
por Rocio Aguado - Fotografia | Sep 28, 2021 | Bookkeeping
Since cost-accounting methods are developed by and tailored to a specific firm, they are highly customizable and adaptable. Managers appreciate cost accounting because it can be adapted, tinkered with, and implemented according to the changing needs of the business....
por Rocio Aguado - Fotografia | Sep 2, 2021 | Bookkeeping
One of the main financial statements (along with the balance sheet, the statement of cash flows, and the statement of stockholders’ equity). The income statement is also referred to as the profit and loss statement, P&L, statement of income, and the statement of...
