Bookkeeping

Non-operating items such as interest income and expenses, and income tax expense, significantly influence the income statement. For businesses, a multi-step income statement is crucial because it provides a nuanced view of financial health and operational efficiency. By breaking down revenues and expenses into more detailed categories, businesses can better assess which areas are driving […]Continue reading

These ratios can give investors an idea of how financially stable the company is and how the company finances itself. Activity ratios focus mainly on current accounts to show how well the company manages its operating cycle (which include receivables, inventory, and payables). These ratios can provide insight into accounting principles the company’s operational efficiency. […]Continue reading

Content What Merchandising Accounts Will Appear in the Post Closing Trial Balance? Example of a Suspense Account About suspense accounts You don’t know how to classify a transaction What Is a Suspense Account, Why Is It Opened & How Is It Closed? Definition: What Is a Suspense Account? It can be a handy tool for […]Continue reading

Content Quicken: Best for Landlords With a Few Rental Units Classify Costs Correctly Why Use Quickbooks For Real Estate Agents? I don’t know a lot about accounting, so will I be able to use the software? Consider your answers to these questions to help you evaluate each accounting software option for real estate agents discussed […]Continue reading