por admin | May 6, 2024 | Bookkeeping
It centres on looking at units sold and price and making projections for company sales based on this series of ‘micro-level’ estimates. The context of being ‘bottom up’ is that it is based on building forecasts driven by the small contributing factors to a... por admin | Dic 13, 2023 | Bookkeeping
After the cash account, there are the inventory, receivables, and fixed assets accounts. Firms also have intangible assets such as customer goodwill that may be listed on the balance sheet. If you use cash accounting, you record your transaction when cash changes... por admin | Nov 3, 2023 | Bookkeeping
It’ll eliminate mundane jobs like reconciliation transaction data and having to put manual entries into your ledger. It protects the sensitive data of the transaction and acts as a receipt that verifies the transaction occurred at a certain time. If an organization... por admin | Jun 6, 2023 | Bookkeeping
Reviewing historical data of uncollectible accounts and the industry benchmark for bad debt expenses can work out the percentage needed for the forecast. Income accounts and balance sheet items, like accounts receivable (AR) and cost of goods sold (COGS), are analyzed... por admin | Abr 14, 2023 | Bookkeeping
Cloud accounting software, also known as online accounting software, is accounting software that helps you maintain your books of accounts online. Cloud accounting software such as QuickBooks is based in the cloud instead of being installed on your desktop computer.... por admin | Mar 30, 2023 | Bookkeeping
A company has to pay its office rent and utility bills every month regardless of whether it produces 1,000 products or no products at all, for example. Direct costing assigns the direct costs of producing a good or service to that product, while absorption costing...