ContentSolutionsFor NonprofitNonprofits+Our books are a mess / we are way behind on our financials. Can you help?Boost Efficiency and Profitability: Unleashing the Potential of Business Accounting SoftwareAcronis: Cyber Protective SolutionsGlasshouse Capacity Services Society My financial health check is designed to help small to medium-sized businesses and nonprofits uncover opportunities for financial improvement. In advance of the tax-filing

ContentAllocation MethodsHow to Calculate Overhead CostsCalculation of Predetermined Overhead and Total Cost under Traditional AllocationHow To Reduce Overhead CostFinancial and Managerial AccountingPredetermined Overhead RateAdvantages and Disadvantages of ABC Prior to that, Arkadiusz was at the helm of his own software development company where he oversaw operations. A great enthusiast of process improvements, his personal mission is to

ContentFinancial and Managerial AccountingDisadvantages of Accrual Basis of AccountingSteps in the Matching Principle Commonly Followed by AccountantsRealized RevenueThe Cost Principle GAAP guides the reporting process in order to produce fairly presented financial statements that can be understood by all decision makers around the world. Assume further that this company already has the account balances presented in Figure

The benefit to the supplier is that their product is promoted by the customer and readily accessible to end users. The benefit to the customer is that they do not expend capital until it becomes profitable to them. This means they only purchase it when the end user purchases it from them or until they consume the inventory

ContentTrial Balance: Meaning, Objectives, Preparation, Format, and Example4.1 Preparing a balance sheetPreparation of Trial Balance:Precautions when preparing trial balanceTotal Amount Method: For instance, you register a transaction when it occurs, then record the same transaction once you receive payment. The trial balance simply records all of the transactions listed in your general ledger accounts on a separate

ContentIs Bad Debt an Expense or a Loss?How to Estimate Bad Debt ExpenseWhat is bad debt ratio and how is it calculated?How to Calculate Bad Debt ExpenseHow To Calculate Bad Debt Expense with Accounts Receivable?What is bad debt protection? Now you know all about bad debt and how to record it, let’s look at ways you can