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Accounts Payable Ratio Label

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Accounting / July 16, 2018 / Khloe Santiago

In accounting, journals are used to record similar activities and to keep transactions organized. One of the journals is a cash receipts journal, a record of all of the cash...

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Accounting / July 17, 2018 / Ariyah Lang

An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. The liability is commonly a legal requirement to return a site to its...

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Accounting / July 16, 2018 / Collins Barber

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 / August 3, 2018 / Collins Barber

The Inventory Turnover and Days' Inventory Ratios measure the firm's management of its Inventory. In general, a higher Inventory Turnover Ratio is indicative of better performance since this indicates that...

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Accounting / August 3, 2018 / Pearl Bailey

There is no specific guidance on which the profit amount should be used in the reconciliation. Different companies use operating profit, profit before tax, profit after tax, or net income....

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Accounting / August 3, 2018 / Holly Mercer

A lender may offer you an unsecured amount of funds available for your business to draw on when capital is needed. This line of credit is considered a short-term funding...

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Accounting / August 3, 2018 / Sharon Hardin

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. The statement outlines the deposits, withdrawals, and other...

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Accounting / August 3, 2018 / Ariyah Lang

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 / Khloe Santiago

Reconciling accounts and comparing transactions also helps your accountants produce reliable, accurate, and high-quality financial statements. Since your company balance sheet reflects all money spent—whether cash, credit, or loans—and all...

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Accounting / August 3, 2018 / Khloe Santiago

Like plain-vanilla corporate bonds, convertibles pay income to investors. But unlike bonds, they have the potential to rise in price if the company’s stock performs well. The reason for this...

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