Categorie archieven: Bookkeeping

The public sector is under the Public Service Commission and wages and salaries are negotiated there. In the Netherlands the salary which occurs most frequently is referred what are noncash expenses meaning and types to as Jan Modaal. Salary Sacrifice … Lees verder →

If you have tax rate as a percentage, divide that number by 100 to get tax rate as a decimal. The amount of sales tax that would apply to Joe’s purchase of this chair is $3.75. Once the tax is … Lees verder →

Well, you take the face value of the goods, which is $30,000, add the shipping costs of $150, and then deduct the $600 discount and the returns of $1,000. Whenever you end an accounting cycle, you are likely how to … Lees verder →

When it is positive, the current account has a surplus, making the country a net lender to the rest of the world. The only part of the debt that is measured is the principal and any overdue interest payments. The only … Lees verder →

If a business increases production or decreases production, rent will stay exactly the same. Although fixed costs can change over a period of time, the change will not be related to production, and as such, fixed costs are viewed as … Lees verder →

In a partnership, a drawing account is maintained for each partner. All drawing accounts are closed to the respective capital accounts at the end of the accounting period. Declaration date is the date that the board of directors declares the … Lees verder →

Operating cash flow (OCF) is a measure of the amount of cash generated by a company’s normal business operations. In today’s digital age, accounting software has completely revolutionised the way your business can monitor and manage your finances. On top … Lees verder →

Retained earnings are a type of equity and are therefore reported in the shareholders’ equity section of the balance sheet. Although retained earnings are not themselves an asset, they can be used to purchase assets such as inventory, equipment, or … Lees verder →

These ratios are called turnover since they measure how fast current and non-current assets are turned over in cash. The debt to equity ratio is also defined as the gearing ratio and measures the level of risk of an organization. … Lees verder →

Cloud-based software companies ensure that the security and privacy of data about you and your organization is always airtight. If you use online banking, then you’re already primed to use cloud accounting. Intuit’s QuickBooks Online is one of the most … Lees verder →