Bookkeeping

We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy. Generally, the term variance refers to any kind of difference existing between two components. The accuracy of the budget largely depends upon … Read more

It includes cash inflows, cash outflows, and net cash flow. Each plays a big role in showing how liquid and able a business is to operate. For example, if Helena buys a new computer for her office for £600, her assets QuickBooks will increase by £600 but her bank account will decrease by the same … Read more

This helps to provide an accurate view of the company’s financial position and performance. The matching principle is an important concept in accrual accounting that states that revenues and related expenses must be matched in the period to which they relate. Expenses relate to the period in which they are incurred and not necessarily to … Read more

With this platform, you can easily manage your invoice processing, bookkeeping, and accounting. It lets you send unlimited invoices to customers interior design bookkeeping and monitor their payments. Also, you can track receipts through the scanning feature in a few minutes. We’ve built a thriving online community designed to help interior designers network, find new … Read more

Cash flow statements have been required by the Financial Accounting Standards Board (FASB) since 1987. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from … Read more

For issuers, bonds can be a way to provide operating cash flow, fund capital investments, and finance debt. In its simplest form, discount amortization is a process used to allocate the discount on bonds, or other long-term debt, evenly over the life of the instrument. This schedule is set up in the same manner as … Read more