por judalusa | Oct 7, 2022 | Bookkeeping
High accounts receivable turnover ratios are more favorable than low ratios because this signifies a company is converting accounts receivables to cash faster. This allows for a company to have more cash quicker to strategically deploy for the use of its operations or...
por judalusa | Mar 21, 2022 | Bookkeeping
Last in, first out (LIFO) is an inventory method where a company records its most recently produced products as sold first. This means that the cost of the most recent items produced or purchased are expensed first, in order to benefit from lower taxes. Because...
por judalusa | Ene 31, 2022 | Bookkeeping
A simple way to organize the expense accounts is to create an account for each expense listed on IRS Tax Form Schedule C and adding other accounts that are specific to the nature of the business. Each of the expense accounts can be assigned numbers starting from...
por judalusa | Abr 21, 2021 | Bookkeeping
Secondly, they often form a key element of both short-term and long-term financial planning. When valuing your assets, you can opt for the market approach, which equals the current market value, or you can choose the cost approach, which equates to the original cost...
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