Category Archives: Bookkeeping

What Are Liabilities in Accounting? With Examples

Continue reading to understand how to calculate liabilities for your business.. Liabilities refer to short-term...

How to Read and Understand an Income Statement

As per requirement, the entity requires disclosing all necessary information in the financial statements that...

How to start a bookkeeping business: Top tips to help you succeed Sage Advice US

Focus on delivering exceptional customer service, maintaining effective communication, and being responsive to client needs....

Economic Order Quantity EOQ Formula, Factors, Calculation

They know what their costs were for June, but now they want to predict their...

What Is Obsolete Inventory, and How Do You Account for It?

Understanding what inventory reserve is and how it’s applied in accounting is necessary if you’re...

Accounts Payable Turnover Ratio Analysis Formula Example

Therefore, over the fiscal year, the company’s accounts payable turned over approximately 6.03 times during...

Frequently Asked Questions about ProAdvisor training and certification

You don’t need to do the entire exam over if you don’t pass a section....

Top 12 Best Accounting Firms in San Francisco, CA 2017 Ranking Top San Francisco Accountants

Highlighted below are unique elements of OUM leading to its selection as one of 2017’s...

Accruals and Deferrals

By understanding the key differences between cash basis and accrurl basis of accounting, you will...

Liability Definition, Accounting Reporting, & Types

Liabilities can take various forms, like loans, mortgages, or accounts payable, and play a significant...