Profit and Loss Statement Meaning, Importance, Types, and Examples

It’s free to download, and you can customize it using your business numbers to make examining your company’s performance easier. The difference between the revenue and the costs of doing business is known as the bottom line, or net income, and represents the company’s profit or earnings. For business owners, free templates for creating a personal […]

Fuel Cards For Trucking Companies

Content Advisory Petrol, diesel prices to drop to GHC9.50 and GHC11.60 shortly, says IES XPO Logistics Victor Newman, director of research at the Presidency, is dead DEFRA-UK trains Ghanaian veterinary and fishery officers on fish health and biosecurity BP Plus Bunker Fuel Card: Best quality refuelling stations Anderson Trucking Service The card is made specifically […]

Payback Period Formula Calculator Excel template

Contents: Discounted Cash Flow How to Grow a $50 Forex Account? Advantages and disadvantages of payback method: How the payback period calculation can help your business WACC is the calculation of a firm’s cost of capital, where each category of capital, such as equity or bonds, is proportionately weighted. For more detailed cash flow analysis, […]

What is Factoring Receivables

Additionally, non-recourse protection is usually applicable only if the end customer declares bankruptcy during the 90-day factoring period. Lastly, some factoring companies compensate for their non-recourse risk by offering lower advances at a higher cost. You’ll sell the invoices to your factoring company, which offers an 80% advance rate with a 3% factoring fee. Receivables […]

Understanding an Income Statement Definition and Examples Bench Accounting

Content How to prepare a multi-step income statement Why are income statements important for small businesses? Differences between an income statement vs. balance sheet IASB finalises amendments to IAS 1 regarding the classification of debt with covenants Objective of financial statements Sales revenue It is an exciting time because the store opened in the current […]

Control account definition

Content Sales ledger control account – (SLCA) What Is an SAP General Ledger? Similar to Control accounts ( Control Accounts 101 Control Account What is the purpose of control accounts? If you’re using a manual accounting system, there are benefits to using control accounts. There is a way to define an account code as a […]

What is Construction Work-in-Progress?

Content Units of Work Performed Method Classify long-term contracts as home or general construction contracts Resources created by teachers for teachers Accruing Interest Expense From the pop-up window, double-click the document to be reviewed. You must have the FA.16 security authorization to run project settlement. Click on the Back button to go back to the […]

Quick Ratio & Acid Test Ratio

Content Current Liabilities How To Calculate Quick Ratio Using Its Formula? Basic Financial Ratios And What They Reveal What Is Saas Quick Ratio? Quick Ratio Vs Current Ratio: Whats The Difference? Whats The Ideal Quick Ratio? The 3 Simple Questions To Consider Quick Ratio Calculating The Current Ratio Whereas, a quick asset can be described as any […]

The Difference Between A Purchase Order And An Invoice

Content Improved Accounts Payable Processes Leverage One Of The Largest B2b Networks To Market Your Solutions And Services When To Send A Purchase Order Vs Invoice Help Your Company Stay On Track A Standard Purchase Order Generally Consists Of The Following Information: Start Loving Invoicing The Difference Between Purchase Orders, Invoices, And Sales Orders: We […]

CPA Exam Sections Hardest to Easiest

Content Changes in 2024 CPA Exam Put Technology Front and Center Experience the Surgent Difference The CPA Exam: What You Need to Know What to Do After Passing the CPA Exam? How much time does the exam require? Certain courses provide critical preparation for the exam and should be taken, and the references to specific […]