Seven Ways to Improve your Business Cash Flow Article
• Know who processes the invoice and how invoices are processed. Make sure you know how these processes work and how to comply, or your invoice could be held up…
Net realisable value NRV Formula and calculation
The NRV is an excellent method to use when facing a situation of joint costs. Within market method accounting, NRV is only used as an approximation of market value when…
The Beginners Guide to QuickBooks Self-Employed
It sends you notifications when product levels are low and also lets you track the gross cost of goods. Subscriptions will be charged to your credit card through your account.…
Solvency Definition, How to Assess, Other Ratios
Liquidity measures the ability to meet financial obligations payable within 12 months (like a line of credit or short-term vehicle lease). Solvency is the ability of a company to meet…
Mastering Bookkeeping for Consultants: A Path to Financial Clarity Prophets Bookkeeper
To maintain impeccable ethical standards, consultants must employ transparent and meticulous bookkeeping practices for retainer fees and advanced payments. These practices serve to protect both the consultant and their clients,…
Creating Balance Sheets and Income Statements
A relatively small percent of corporations will issue preferred stock in addition to their common stock. The amount received from issuing these shares will be reported separately in the stockholders’…