Bookkeeping

Yardi, the company behind the popular property management software, offers an array of free online training resources on their website. These resources include video tutorials, webinars, and user guides that cover various aspects of using Yardi effectively. Whether you’re new to Yardi or looking to expand your knowledge in specific areas such as accounting or …

Become a Yardi Expert without Spending a Dime: Free Online Training Options Read More »

A sales Journal is a type of journal used to record credit sale transactions of the company and is used for maintenance and tracking the account receivable and inventory account. It is the Principal book of Credit Sale Transactions, and the information recorded in it depends on the nature and requirement of each business. Like …

What is a Sales Journal? Read More »

These expenses are not considered liabilities since they represent obligations that have already been met. Large companies and governments often utilize https://www.bookstime.com/ bonds to acquire additional capital. They can help a business pay for large expansions and are issued as secured bonds or unsecured bonds. Also, if cash is expected to be tight within the …

Liability financial accounting Wikipedia Read More »

Crediting the Accounts Payable account increases the company’s liabilities, showing that the purchase will be paid for at a later date, not immediately impacting the company’s cash flow. If the purchase is on credit, credit the Accounts Payable account to increase the company’s liabilities, indicating that the company has an obligation to pay the supplier …

What is a Purchase Journal? Example, Journal Entries, and Explained Read More »

Connect with experts year-round for advice and guidance, with best-in-class tools to support you as your business grows. Information stored in the cloud is encrypted and backed up across several locations. Only individuals who have the software login information can access that data (you can even control the level of access). Xero, for example, lets …

Virtual CPA, Accounting, and Bookkeeping Services Read More »

In environments where inflation or rising costs are a factor, FIFO can show higher profits by selling older, less expensive inventory first. FIFO’s ability to impact the bottom line in the short term offers a more attractive financial position to investors and stakeholders. First in, First out inventory method is compliant with IFRS and GAAP, …

What Is the FIFO Method? A Complete Guide to First-In, First-Out Inventory Read More »

Shop is a long term asset which should be capitalized in the balance sheet. Overhauls involve the substantial replacement or upgrade of an asset that improves its useful life, and its cost is capitalized in the balance sheet. It can be hard to decide whether a particular item of expenditure is of a capital nature …

Capital and Revenue Expenditures A Beginners Guide Read More »

However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia. If 1,000 multiplied by 1,000 equals 1,000,000, what does mm mean in finance and 1,000 equals M, then we can use the abbreviations to create calculations. In the financial world, MM typicall stands for millions (i.e$100MM would …

What Does M And MM Mean In Accounting? Read More »

You’ll need a composed business letter and the names of the people you are cc’ing. Since it takes nothing to copy others, more people are being copied on correspondence without any form of importance. A recipient will often receive such messages and wonder if they are important to him. The acronym cc stands for ‘carbon …

How to CC a Business Letter to Multiple Parties Read More »

Companies finance their operations and investments with a combination of debt and equity. Debt in itself isn’t bad, and companies who don’t make use of debt financing can potentially place their firm at a disadvantage. The interest paid on debt also is typically tax-deductible for the company, while equity capital is not. A company that …

Debt-to-Equity D E Ratio Meaning & Other Related Ratios Read More »