por Rocio Aguado - Fotografia | Jul 30, 2021 | Bookkeeping
The credit balance in the account Allowance for Doubtful Accounts tells us how much of the debit balance in Accounts Receivable is unlikely to be collected. A contra asset is a negative asset account that offsets the asset account with which it is paired. The purpose...
por Rocio Aguado - Fotografia | Abr 16, 2021 | Bookkeeping
If your business is busy, and you find it hard to keep your books organized with this template, it may be time to consider double-entry bookkeeping. If you’re more of an accounting software person, the general ledger isn’t something you use but an automated report you...
por Rocio Aguado - Fotografia | Nov 9, 2020 | Bookkeeping
Unfavorable variance, on the other hand, occurs when your real performance is worse than you anticipated. If you have higher actual costs or lower revenue than expected, then you have unfavorable variance. It’s time to look at the concept as it plays out in a project...
por Rocio Aguado - Fotografia | Jul 29, 2020 | Bookkeeping
A balance sheet is a financial statement that communicates the “book value” of an organization, as calculated by subtracting all of the company’s liabilities and shareholder equity from its total assets. A multi-year future periods balance sheet is also prepared with...