Archives par catégorie: Bookkeeping

To reconcile your bank statement with your cash book, you need to ensure that the cash book is complete. Further, make sure that the bank’s statement for the current month has also been obtained from the bank. Once you complete the bank reconciliation statement at the end of the month, you need to print the […]

They have similar limitations, but both have historically been reliable metrics for comparing companies and stocks. Additionally, you can evaluate EPS based on how it compares to industry peers and its trends over time. Though EPS growth is relative to the broader market and economic conditions, investors generally want to see a company’s EPS eps […]

The first step is to identify all the bad debts that the company has incurred. This can be done by reviewing the accounts receivable aging report and identifying invoices that have been outstanding for a long time or where the customer is unlikely to pay. If we deduct this from the gross accounts receivable of […]

Another element that impacts the price of bonds is time to maturity. The cost of the bond increases as the remaining time to maturity decreases. This is because holding a bond for a longer length of time entails greater risk because the debtor may experience financial difficulties during that time. Inflation expectation is the primary […]

Another element that impacts the price of bonds is time to maturity. The cost of the bond increases as the remaining time to maturity decreases. This is because holding a bond for a longer length of time entails greater risk because the debtor may experience financial difficulties during that time. Inflation expectation is the primary […]

We can see below that for Q1 2024, ending Dec. 30, 2023, Apple had total liabilities of $279 billion and total shareholders’ equity of $74 billion. The debt-to-equity ratio (D/E) is calculated by dividing the total debt balance https://www.quick-bookkeeping.net/allowance-for-doubtful-accounts-and-bad-debt/ by the total equity balance. From the above, we can calculate our company’s current assets as […]

Congress only took into consideration the implementation of a federal (nation-wide) sales tax as a source for revenue to finance World War II. Instead, sales taxes are levied and controlled at the state (sub-national) and local (sub-state) levels, where they account for a significant part of state and local revenue. This calculation helps ensure that […]

To record the accounting for declared dividends and retained earnings, the company must debit its retained earnings. It is because dividends, as mentioned above, are a decrease in the retained earnings of a http://portableandcool.com/article/84-carport-kits-a-guide-to-buying-your-own-portable-shelter company. Similarly, the company must also create a liability for the amount of the declared dividend. For example, if a company […]

A bank creates a debit memo when it charges a company a fee on its bank statement, thereby reducing the balance in the company’s checking account. Thus, if a bank account has a balance of $1,000 and the bank charges a service fee of $50 with a debit memo, the account then has a remaining […]

And as a founder, it’s up to you to use this information to make smart decisions that drive your startup forward. Regular monitoring is essential for your startup’s survival and success. It’s what keeps you agile, adaptable, and ready to tackle whatever challenges come your way. Make it a priority to keep a close eye […]