Bookkeeping

In a perpetual system, the inventory account changes with every transaction. Companies debit their inventory account with the cost of the merchandise each time they…

If you’re a freelancer or a service business that doesn’t need inventory management or payroll-related features, Wave Accounting may be a good option for you.…

The contribution margin measures how much money each additional sale contributes to a company’s profits. Business owners generally use the contribution margin ratio on a…

If both conditions are met, a company must accrue the estimated loss and disclose the relevant information in the financial statements. With IAS 371, IFRS…

Whether you call it the accounting equation, the accounting formula, the balance sheet equation, the fundamental accounting equation, or the basic accounting equation, they all…

On the other hand, a higher DSO can indicate potential cash flow problems and inefficiencies in the collection process. Regular monitoring and analysis of these…

A more refined calculation adjusts the numerator and denominator for shares that could be created through options, convertible debt, or warrants. The numerator of the…

Generally in the cash receipts journal to debit columns for cash receipts and cash discount and three credit columns for accounts receivable, sales and other…

For years, we’ve helped construction contractors overcome challenges and achieve more successful project bidding. With DB&B, you have a trusted team of construction accounting professionals…

It’s filled out much like a regular check, but it includes various deposit kinds. If the customer retained earnings uses a deposit slip in the…