Bookkeeping

A debit increases an asset or expense account, or decreases a liability or net assets account. A credit increases a liability or net assets account, or decreases an asset or expense account. Next, you need to analyze how the transaction affects each of the identified accounts. Determine whether the account will increase or decrease and […]

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Accounting software can simplify the management of and reporting from your ledger. With the appropriate level of automation integration in your chosen tool, you can pull the relevant values into

This ensures that critical financial tasks can be managed securely from anywhere, enhancing flexibility and operational responsiveness. A clean, well-organized dashboard helps users find crucial features like expense tracking and invoicing. Customized reports and real-time data visualization are also important, enabling executives to make informed decisions swiftly. Selecting accounting software with an intuitive user interface

This tells potential investors that the company in question is not generating enough profits to meet its current liabilities. A company’s quick ratio is a measure of liquidity used to evaluate its capacity to meet short-term liabilities using its most-liquid assets. A company with a high quick ratio can meet its current obligations and still

To understand the differences between outstanding shares and float, we first need to understand the types of shares. The shares can be grouped according to the length of time that they were outstanding. In this case, group 1 consists of 100,000 shares that were outstanding for the entire year, while groups 2 and 3 are