Category: Bookkeeping

  • Special Journals Definition, Types, & Advantages

    By recording cash receipts in a dedicated journal, businesses can have a clear overview of their cash flow, identify patterns in customer payments, and track the effectiveness of their collection efforts. This information is crucial for effective cash management and financial planning. When utilizing a cash receipts journal, each entry typically includes the date of…

  • How Real Estate Creates Cash Flow, Retirement Path for Nyasia Casey

    Here’s how we think about a couple of key real estate investment performance measures. This perspective should be helpful as you undertake your own real estate investing journey. Another option is to purchase rental property already occupied by a tenant like the single-family homes listed for sale on the Roofstock Marketplace. Real estate investors have…

  • Understanding Equivalent Unit Of Production Definition How To Calculate And More?

    Then we would use those two separate per-unit costs to calculate the costs for the units that were completed and transferred out and for the units still in ending Work-in-Process inventory. The 1,200 ending work in process units are 100% complete with regard to material and have 1,200 (1,200 × 100%) equivalent units for material.…

  • Financial Statements: List of Types and How to Read Them

    This can include things like buying property, plant, & equipment or investing in securities. Here, you need to go line by line and describe notes to financial statements each line item in the financial statements. In the example below, ExxonMobil has over $2 billion of net unrecognized income. The financial statements used in investment analysis are…

  • What accounts for the difference in inventory values between periodic LIFO and perpetual LIFO?

    One cost $110 while the other three were newly acquired for $120 each or $360 in total. Total cost was $470 ($110 + $360) for these four units for an updated average of $117.50 ($470/4 units). The applicable average at the time of sale is transferred from inventory to cost of goods sold at points…

  • How to Post Journal Entries to the General Ledger Examples & More

    Thus, you need to refer to a related subsidiary ledger to know the details of such a control account. General Ledger Accounts help you to record details of transactions that your business undertakes news and updates blog for mobile physician services over an accounting period. This is because General Ledger Accounts records transactions under various…

  • When Does the Cost of Inventory Become An Expense?

    Unlike IAS 2, under US GAAP, a write down of inventory to NRV (or market) is not reversed for subsequent recoveries in value unless it relates to changes in exchange rates. While previous sales data is often used when forecasting future sales, this data isn’t enough to make accurate predictions. When you deploy inventory investment…

  • Accounting Outsourcing Services

    Accounting To Taxes (ATT) is a global leader in providing tailored outsourced accounting services to CPAs, CFOs, accounting firms, and businesses globally. We aim to save you valuable time and empower you to focus on establishing lasting relationships with your end clients. The FaaS service provider and CPA firm that you decide to outsource to…

  • What is Cost Centre? Meaning, Working, Types, Purpose & Examples

    Cost centers can be found in all types of organizations, from manufacturing companies to service-based businesses. When managed effectively, cost centers can help organizations control expenses and improve efficiency. Could AHEAD encourage hospitals to acquire additional physician practices (vertical consolidation)? The AHEAD model only applies to services that are provided by participating hospitals and primary…