Bookkeeping

This is because you can easily verify if various accounting items are classified and recorded accurately with the help of the given information. You may choose to conduct an internal audit or get your accounts audited by an accounting professional. Therefore, General Ledger acts as an important financial record that is audited whatever may be […]

Deferred revenue is recognized as a liability on the balance sheet of a company that receives an advance payment. This is because it has an obligation to the customer in the form of the products or services owed. The payment is considered a liability to the company because there is still the possibility that the good or service

A high contribution margin indicates that a company tends to bring in more money than it spends. By considering your contribution margin at CM1,CM2 and CM3 levels, you will also understand where you lose contribution. However, like all metrics it shouldn’t be used in isolation as it only tells part of a story. It’s possible

By reconciling financial records, such as bank statements, invoices, and receipts, businesses can identify discrepancies and irregularities and protect themselves against potential fraud. Whether you have high transaction volumes or complex transaction scenarios, Stripe’s reconciliation solution offers scalable and reliable support for your financial operations. You’d be surprised how much missed bank fees and other

Mathematics Educators Stack Exchange is a question and answer site for those involved in the field of teaching mathematics. So you don’t have to pay anything to the credit card company because you paid too much, or you got a credit for something returned. I agree with the localization ‘answer’ and RED as not inherent

The value of a company’s intangible assets isn’t likely to be consistent throughout the years. Lower sales means that a brand’s value may be decreasing, or the competitive edge of intellectual property may be closing. Now, let’s understand the additional criteria for internally generated intangible assets. Recently, there has been a trend involving an increase

The second big issue with IRR analysis is that it assumes you can continue to reinvest any incremental cash flow at the same IRR, which may not be possible. A more conservative approach is the Modified IRR (MIRR), which assumes reinvestment of future cash flows at a lower discount rate. The range C5 to E5 represents the investment’s

Availability may be subject to your mobile carrier’s coverage area. The software will help you to quickly view the day-to-day activities of your business. In addition to this, it makes the process of showing how well your business is performing easier when lenders and banks request such information. Plus, you can be sure of staying

NIIT Technologies has a strong presence in the US and Europe, and it is committed to sustainability and social responsibility. In recent years, NIIT Technologies has focused on digital transformation and cloud computing to help clients streamline their operations and stay competitive in a rapidly changing business environment. Genpact is committed to sustainability and social

Once they have been provided to the customer, the recorded unearned revenue must be changed to revenue within your business’s accounting books. At this point, you may be wondering how to calculate unearned revenue correctly. When a customer prepays for a service, your business will need to adjust its unearned revenue balance sheet and journal