Category: Bookkeeping

What Is the Provision for Doubtful Debts and Bad Debts? Bad debts for the current year are to be set off, and an additional amount of provision is to be added. By analyzing the past trend, a business can ascertain the approximate percentage that becomes uncollectible every year out of the total credit allowed to buyers.…

How to Calculate Depreciation for Assets: A Practical Guide for Business Owners Technology If doing this isn’t tenable, you can consult with tax professionals to select the appropriate depreciation method and ensure compliance with IRS regulations. By spreading out the deduction over several years, you can lower your taxable income annually and reduce the amount…

Because your customers could ask for refunds for any prepaid service, it’s important to keep prepaid money and earned money separate in your accounting system. If not, you might find yourself strapped for cash if one month is heavier in customer refunds and you already spent funds received. To ensure we address your needs accurately…

Before commencing the Oxford Brookes University BSc (Hons) in Applied Accounting programme, you must successfully complete the ACCA Fundamental Level examinations F1 to F9 and complete the Professional Ethics module. Our dynamic range of marketing courses provides you with both the academic and real-world skills needed to kick-start your marketing career. Our courses in hospitality,…

Ferrous Metal Scrap Wholesale Suppliers, Manufacturers & Distributors in Ethiopia Bulk Prices & Deals Scrap yards directories are also used by recyclers to find facilities in the US and Canada, allowing users to get in contact with yards. Scrap prices may vary markedly over time and in different locations. Prices are often negotiated between buyers…

Generate peer-to-peer fundraising momentum by texting each supporter and asking for $5, then asking them to pass it on to five friends. Fundraising with little kids is a lot of fun with these virtual fundraising ideas for elementary school. Bring the glitz and glamour of a traditional gala to the digital realm by hosting an…

Managing denials requires a proactive approach, including thorough claim review, accurate coding, proper documentation, and timely appeals. By addressing denials promptly and implementing corrective measures, healthcare organizations can minimize revenue leakage and improve overall financial performance. It’s a tricky procedure because it’s often impossible to tell the two types apart for sure. Deleting true outliers…

Cash vs Accrual Accounting: Which Method Is Right for Your Business? When the company receives an invoice for services after the three-month period is over, they would then make a payment and reverse out their accrued liability balance. For example, consider a nonprofit that receives multiple pledges from January through March, which are paid in…

Cash vs Accrual: Which Accounting Method Should You Use? Whichever way you choose, the accounting method you use will govern your books for a good long while—so make sure you choose wisely. If you’re searching for accounting software that’s user-friendly, full of smart features, and scales with your business, Quickbooks is a great option. Cost…

Understanding Financing Activities in Cash Flow Statements A tech firm reducing reliance on external funding in favor of reinvested earnings might signal operational maturity and fiscal prudence. An optimized capital structure strikes a balance between the cost of capital and risk. Too much debt might lower the cost of capital initially (due to tax deductibility…