Double Entry Accounting Software
Jennifer edwards Accounts receivables can be defined as the amount of money or cash that is to be received by the company from another party. Accounts receivables are considered as the assets…
Analyzing Account Receivables
Accounts receivables can be defined as the amount of money or cash that is to be received by the company from another party. Accounts receivables are considered as the assets…
Theory of Constraints
Theory of constraints is used as a tool or a method to find the most important constraint that is acting as a limiting factor while achieving the goals and objectives…
Budgeting Accounting
Budgeting accounting is the process of preparing budget that will help in general accounting process of the company. With the help of accounting budget or budgeting accounting one can make…
Journal Accounting
The very first record of all the financial transactions are recorded in the journal and the process of recording these entries is known as journal accounting. The major reason of…
Traditional Costing
Traditional costing is a method of costing where the manufacturing overhead is related to the manufactured products on the biases of the batch produced and the volume of the products…
Inventory Control System
Inventory control system is a system that helps in controlling, calculating and locating the products or the raw materials within an inventory either manually or through a computer aided system.…
Sinking Fund
Sinking fund is a tool or a mean of reimbursing those funds that were borrowed from another party by issuing bonds, preferred stocks or debentures. The issuer of the bond…
Profit and Loss Statement
The summary that shows the financial performance of a business during a specific accounting period is called profit and loss statement. A profit and loss statement can be issued at…
Turn Over Rate Calculation
Turnover Rate is a kind of ratio that helps in evaluating the degree of employee involvement within a business. The turnover rate shows the number of employees that are leaving…
Venture Capital Funding
Venture capital funding is a kind of financing in small and medium enterprises where investors invest their money in the venture having a chance of potential growth and seeks equity…
Zero Based Budgeting
Zero based budgeting is a budgeting approach where each and every line of budget is started and planned from the scratch. Unlike common budgeting methods in this method every expenditure…
Difference between Bookkeeping and Accounting
There is certainly a difference between bookkeeping and accounting as the bookkeeping is the subset of accounting. Bookkeeping refers to recording all the transactions that are made within a business.…
How to Forecast Bad Debt
A number of variable figures are involved in forecasting bad debt as it is always not certain. It is difficult to calculate bad debt as the figures involved in the…
The Bill of Exchange
The bill of exchange is the binding document that exists between the two companies and usually done when two parties are conducting international trade. In this bill there are two…
Payroll Expense
The expense that occurs within a company due to the salaries and wages of staff and labor is called payroll expense. The salaries are granted to the staff in return…
Asset Conversion Loan
Asset conversion loan is a type of loan that is reimbursed by liquidating an asset. These types of loans are kind of short term loans and are paid by liquidation…
Accounting Period
Accounting period is the time span or time period in which certain financial activities and transactions take place is called an accounting period. Most commonly a year of 365 days…