par PatrickBertrand | Oct 17, 2024 | Bookkeeping
A higher current ratio generally indicates a greater ability to meet short-term obligations. By adding together the totals for current assets and current liabilities in the balance sheet, a very important figure can be calculated – working capital. Working capital...
par PatrickBertrand | Juin 28, 2024 | Bookkeeping
By monitoring key performance indicators, such as click-through rates or conversion rates, companies can refine their advertisements and get the most out of their investments. A survey by Nielsen Global Connect showed that businesses with consistent ad spending have...
par PatrickBertrand | Mai 2, 2024 | Bookkeeping
Accurate cost behavior analysis ensures that the flexible budget remains realistic and useful. To compute the value of the flexible budget, multiply the variable cost per unit by the actual production volume. Here, the figure indicates that the variable costs of...
par PatrickBertrand | Avr 24, 2024 | Bookkeeping
Understanding the distinction between these metrics is vital for businesses as they provide valuable insights into a company’s financial health. Adequate working capital supports day-to-day operations, enabling timely payments to employees, suppliers, and creditors....
par PatrickBertrand | Mar 15, 2024 | Bookkeeping
The transaction can include cash accounting as advance or recovery of credit sales. The following example illustrates how a cash receipts journal is written and how entries from there are posted to relevant subsidiary and general ledger accounts. The cash receipts...
par PatrickBertrand | Avr 19, 2023 | Bookkeeping
I come from many generations of native Texans and have lived in central Texas all of my life. I began bookkeeping as a young teenager working in my family’s small business. After attending The University of Texas Austin I worked for a couple of large companies. After...
