Category: Bookkeeping

For instance, the first option leads to the earnings money going out of the books and accounts of the business forever because dividend payments are irreversible. This line item reports…

The dividend payout ratio is the ratio of dividends to net income, and represents the proportion of net income paid out to equity holders. A dividend is a payment of…

Disinflation causes low demand, low production, and an inflated unemployment rate. The ratio in which existing partners settle to sacrifice their profit and loss share in favour of newly admitted…

In contrast, temporary accounts capture transactions and activities for a specific period and require resetting to zero with closing entries. For example, closing an income summary involves transferring its balance…

In the process of regression analysis, which utilizes the least-square method for curve fitting, it is inevitably assumed that the errors in the independent variable are negligible or zero. In…

We maintain your financial information in accordance with Generally Accepted Accounting Principles (GAAP), as well as the needs of auditors, grantors, and the board of directors. These varied requirements present…

The information contained in this article is for general purposes only and not a complete disclosure of every material fact. The article does not warrant the completeness or accuracy of…

Furthermore, I have attached a comprehensive article on creating company files as an additional reference. When your company file is too large, you can reduce its size using the Condense Data utility…

My firm has implemented Ankpal in our accounting system since it came out, and our overall experience has been tremendous. Not only is it a cloud-based accounting software, but it…

A ratio under 1.00 indicates that the company’s debts due in a year or less are greater than its cash or other short-term assets expected to be converted to cash…