by | Mar 11, 2024 | Bookkeeping
Select the base and comparison periods and the values for your chosen variable, then calculate the percentage change between them. Calculating this involves subtracting the base period’s value from the comparison period‘s value, dividing the result by the base...
by | Mar 4, 2024 | Bookkeeping
Prior to entering a vendor invoice into Accounts Payable, the invoice should be reviewed and approved. The reason is that a vendor invoice may contain errors (incorrect quantities, incorrect prices, math errors, etc.) and some invoices may not be legitimate....
by | Jan 30, 2024 | Bookkeeping
The unsold goods are also the newest ones, this also indicates that the company’s financial statements will more accurately depict the value of the current inventory. In times of inflation when prices rise quickly and sharply, the cost of goods sold can differ from...
by | Dec 20, 2023 | Bookkeeping
Ultimate Company is a technology firm that has been operating for 5 years. Their 2015 report showed that the business produced a net income of $110 million after all costs, expenses, interest charges and taxes were deducted from net revenues. When evaluating a...
by | Nov 10, 2023 | Bookkeeping
Annual additions to accumulated depreciation are intended to reflect an asset’s loss of value over time. But these are formulaic accounting entries — such that an asset’s book value doesn’t necessarily align with its market value. That’s...
by | Oct 9, 2023 | Bookkeeping
Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for teaching. After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their...
