Inspirace je silou, která probouzí touhu po vlastní dokonalosti...
Inspirace je silou, která probouzí touhu po vlastní dokonalosti...

Rubrika: Bookkeeping

Trial Balance Overview, What’s Included, and Examples

Creating a balance sheet can give business owners and entrepreneurs a headache. After all, proper bookkeeping with a balance sheet and a profit and loss account is far more complex than a simple income statement. Here, you can find out why you might need to keep a balance sheet, and what they mean for you […]

Accounting For Small Business Irvine Small Business Outsourced Bookkeeping CA Small Business CPA Consulting 92618

Allow us to provide you with a cost-effective, proactive and affordable solution to your accounting and bookkeeping needs. The licensed professionals at Orange County Bookkeeping understand how to run a business and can ensure your business operates effectively and reaches its full potential. We’ll work with you to connect accounts and pull the data we […]

Interest Expense: Calculation, Formula and Examples

If a company has zero debt and EBT of $1 million (with a tax rate of 30%), their taxes payable will be $300,000. Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Our hypothetical company’s annual interest expense is forecasted as $990k in […]

Credit sales definition

Selling goods or services on credit, which involves deferring customer payments until a later date, can serve as an effective strategy for businesses seeking to expand sales and attract more customers. The average collection period is a metric that measures a company’s efficiency in converting sales on credit into cash on hand. Supervising credit transactions […]

Invoice vs Statement: Definitions, Differences, and Similarities

Unlike statements, invoices are generated for each transaction and are not meant to provide an overall summary of the account’s financial activity. As you can see, the primary distinction between a sales invoice and a customer statement is their scope and level of detail. Sales invoices focus on individual transactions, requesting payment for specific goods […]

What is accrual accounting? A beginners guide

Knowing exactly how much cash is available helps determine when bills get paid or how quickly. This article explores how cash and accrual accounting work, their benefits and disadvantages, the best software tools for each option and which accounting method works best for what types of businesses. The core underlying difference between accrual and cash […]