Category: Bookkeeping

The concept of capital adequacy has been a key topic in the banking industry for many years. In the realm of entrepreneurial ventures, optimizing operational costs is paramount. The base case is your existing or normal volume…

The journal is cash disbursement journal example simply a chronological listing of all payments including both cash and checks. The journal is used to save time, avoid cluttering the general ledger with too much detail, and to…

The Code Zone (UK) offers online and local coding clubs for kids aged six and upwards and is the global winner in the ‘Upskilling for the future’ category. Through the clubs, kids can learn to code in…

Enforcing company-wide cost-saving policies around printing, travel, etc. further helps minimize overhead. You’ll master the key formulas, learn how to allocate costs properly across departments, see real-world examples, and discover best practices to control overhead expenses. This…

First, identify your fixed costs, which are expenses that do not change regardless of the number of downloads. Suppose your fixed costs include $10,000 for app development and $2,000 for marketing, totaling $12,000. Determine all fixed costs…

They focus on compliance with regulations such as IRS Form 990, tracking restricted funds, and producing detailed donor reports. From its Sacramento headquarters, Daily Balance continues to offer tailored support that helps local nonprofits reduce overhead by…

Another useful aspect of the cash flow statement is to compare operating cash flow to net income. This comparison measure how well a company is running its operations. The cash flow statement reflects the actual amount late fees and…

Benjamin Podraza holds a Bachelor of Science in accounting and a Master of Science in taxation from Arizona State University. He is a financial consultant that has provided advice to thousands of individuals and business owners for…

Looking at the extensive list above, it’s clear that a large portion of the United States doesn’t tax Social Security benefits. This is a major financial advantage for retirees, allowing them to stretch their income further. A…

For example, while performing an account reconciliation for a cash account, it may be noted that the general ledger balance is $500,000. Still, the supporting documentation (i.e., a bank statement) says the bank account has a balance…