Category: Bookkeeping

Shareholder’s Equity Formula How to Calculate Stockholder’s Equity?

The excess value paid by the purchaser of the shares above the par value can be found in the “Additional Paid-In Capital (APIC)” line item. However, the issuance price of equity typically exceeds the par value, often by a substantial margin. Eliminate annoying banking fees, earn yield on your cash, and operate more efficiently with […]

What is a Business Transaction: Meaning, Types, Features & Examples

Financial Transactions relate to the financial activities of a business. Owner’s Investment refers to the owner investing personal funds into the business. Join over 1 million businesses scanning receipts, creating expense reports, and reclaiming multiple hours every week—with Shoeboxed. Join over 1 million businesses scanning & organizing receipts, creating expense reports and more—with Shoeboxed. examples […]

How to Calculate Gross Profit Formula and Examples

They have different calculations and have entirely different purposes for determining how a company is doing. Fixed costs might include rent of production disaster relief resource center for tax professionals building, advertising, and office supplies. It typically includes direct material cost, direct labor cost, and direct factory overhead. Create a Free Account and Ask Any […]

Steps Flow Chart Example How to Use Explanation

You have to make sure that all transactions are recorded in a timely manner so that they can be reported. A tool that can be helpful to businesses looking for an easier way to view their accounting processes is to have drillable financial statements. This feature can be found in several software systems, allowing companies […]

LIFO Perpetual Inventory: Principles, Calculations, and Impacts

LIFO is only allowed in the USA, whereas, in the world, companies use FIFO. In the USA, companies prefer to use LIFO because it can help them reduce their taxable income. Furthermore, when USA companies have operations outside their country of origin, they present a section where the overseas inventory registered by FIFO is modified […]

Stale-Dated Checks Bank Checks 101

In addition, the check writer may decide to put a “stop payment” order on the check. This means that they’ve instructed their bank not to pay the check. If a check has a stop payment order, you’ll be unable to cash or deposit it. However, it’s also possible that your bank might reject the check, […]

Depreciation Schedule Template for Straight-Line and Declining Balance

If you don’t have good detail on what these line items are, straight-line them as opposed to growing with revenue. That’s because unlike current assets and liabilities, there’s a likelihood these items could be unrelated to operations such as investment assets, pension assets and liabilities, etc. The largest component of most company’s long term assets […]

Cash Flow Statement CFS Preparation Examples & Solutions

To obtain the CFS certification, you must pass three proctored online tests and complete a case study. Management can use the information in the statement to decide when to invest or pay off debts because it shows how much cash is available at any given time. This information is helpful so that management can make […]

6 Best Law Firm Accounting Software

Specialized bookkeeping and accounting services for the particular requirements of barbershops are offered by Accounts Junction. With our industry experience, we help barbershop owners keep proper financial records, control … Accounts Junction offers customized solutions made especially for woodcutters. These solutions include tracking and classifying earnings and outlays, balancing bank accounts, preparing and submitting tax […]