Unique Business Ideas Unique Small Business Ideas TRUIC

These reasons include generating more engagement and sales for businesses. It’s also become the norm for researching and consuming information online today (look at what you’re doing right now). 45% of marketers outsource content creation, which is a justifiable reason to sit at your favorite café or on your sofa in your PJs and crank […]

Financial Modeling

For modeling investments, our pick for the best online course is The Investment Banker from Financial Edge. Its comprehensive modules and micro-degree program are recognized by top investment banks, helping you build your career. Investopedia offers its own financial modeling class as part of the Investopedia Academy, but to maintain objectivity, we opted to exclude […]

Payroll Automation Solutions for Growing Businesses

This application is typically paired with a payroll solution to offer an error-free, time-saving solution. Automated payroll systems can automatically transfer data regarding total hours worked by employees into your payroll system. Human error is inevitable, but with an automated payroll system, Payroll automation you can breathe knowing the daunting task of calculating different types […]

Who We Are Council of Petroleum Accountants Societies

The standard outlines a single comprehensive model for entities to use in accounting for revenue. This section dives into the changes in the key accounting issues due to the new revenue recognition standard. As pressures increase for oil and gas companies to move toward renewables, we offer some advice for creating a practical transition plan. […]

What is Offshore accounting? Everything you need to know

You may request a breakdown of all expenses, service fees, and seat overhead charges before giving it a go. Go through your goals and objectives regularly and hold yourself or your provider accountable if there are changes in your timeline. Accounts receivable refers https://quickbooks-payroll.org/ to the money owed to you, usually by your customers. An […]

Direct Write-off Method of Accounting for Bad Debts

On March 31, 2017, Corporate Finance Institute reported net credit sales of $1,000,000. Using the percentage of sales method, they estimated that 1% of their credit sales would be uncollectible. As mentioned earlier in our article, the amount of receivables that is uncollectible is usually estimated. This is because it is hard, almost impossible, to […]

The Accounting Equation: Assets = Liabilities + Equity

Under the double-entry accounting system, each recorded financial transaction results in adjustments to a minimum of two different accounts. A company’s “uses” of capital (i.e. the purchase of its assets) should be equivalent to its “sources” of capital (i.e. debt, equity). If a company wants to manufacture a car part, they will need to purchase […]

Economic Order Quantity EOQ Formula Calculator Excel template

In concrete terms, the cost of ownership of a product costing €30 over a year would be €2.85. It should be known that Wilson’s formula was not invented by Mr. Wilson but by Ford Whitman Harris who developed the mathematical principle. Then it was an industrial consultant specialized in inventory management, Mr. R. H. Wilson, […]

Is common stock an investing activity?

Cash flows from financing activities are cash transactions related to the business raising money from debt or stock, or repaying that debt. Cash flows related to changes in equity can be identified on the Statement of Stockholder’s Equity, and cash flows related to long-term liabilities can be identified by changes in long-term liabilities on the […]