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Non Profit Organization Financial StatementsNon Profit Organization Financial Statements

Accounting / July 28, 2018 / Leah Johns

An integral part of the loan application process is furnishing information that shows your business is a good credit risk. The standard financial statement packet includes four main reports: the...

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Accounting / July 27, 2018 / Pearl Bailey

The Days' Sales in Inventory ratio tells the business owner how many days, on average, it takes to sell inventory. The usual rule is that the lower the DSI is...

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Pro Forma Financial StatementsPro Forma Financial Statements

Accounting / August 3, 2018 / Willow Mccoy

In some cases, your business may choose to use cash accounting. Cash-based accounting is simple in comparison to accrual accounting. Sales are posted when the cash is received from the...

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Recognition ExamplesRecognition Examples

Accounting / August 3, 2018 / Sharon Hardin

Cost of Sales For a manufacturer, cost of sales is the expense incurred for labor, raw materials, and manufacturing overhead used in the production of goods. While it may be...

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Accounting / August 3, 2018 / Khloe Santiago

The Cash Flow Statement, or Statement of Cash Flows, summarizes a company's inflow and outflow of cash, meaning where a business's money came from (cash receipts) and where it went...

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Accounting / August 3, 2018 / Collins Barber

The Receivables Turnover and Days' Receivables Ratios assess the firm's management of its Accounts Receivables and, thus, its credit policy. In general, the higher the Receivables Turnover Ratio the better...

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Year To Date Profit And Loss StatementYear To Date Profit And Loss Statement

Accounting / August 3, 2018 / Holly Mercer

A cash flow statement, also referred to as a statement of cash flows, shows the flow of funds to and from a business, organization, or individual. It is often prepared...

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Accounting / August 3, 2018 / Ariyah Lang

Some costs are difficult to assign through this method of cost accounting. Indirect costs, such as management and office staff salaries, are sometimes difficult to assign to a product. For...

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Accounting / August 3, 2018 / Pearl Bailey

Both the debit and credit columns are calculated at the bottom of a trial balance. As with the accounting equation, these debit and credit totals must always be equal. If...

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