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Category Archives: Bookkeeping

Cash vs Accrual Basis of Accounting
17/02/2024

With cash basis accounting, income and expenses are recognized only when payments are made. Accrual [...]

What are Alcohol Tremors? Understanding Alcohol Shakes
17/11/2023

I’ve had experience with recovery since 1996 and began working in the field in early [...]

Direct Expenses and Indirect Expenses: List, Examples and Difference
07/09/2023

Now that you know the meaning of direct expenses, let’s take a look at its [...]

Business Entity Principle What It Is and Why It Matters
09/08/2023

Each of these can vary depending on the type of business created, and they may [...]

Royalty payments, how they work, and the tax implications
01/08/2023

There can be a wide range of royalty types depending on the needs of the [...]

Royalty payments, how they work, and the tax implications
01/08/2023

There can be a wide range of royalty types depending on the needs of the [...]

BACKLOG ACCOUNTING: Understanding, Benefits, Best Practices & Challenges Shaco Financial Consultants
11/05/2023

I find that backlog accounting is best explained by the home builder industry. A backlog [...]

Audit Assertions In The Audit Of Financial Statements
02/12/2022

The importance of these claims cannot be overstated; they underpin the trust that investors place [...]

What is business turnover and how do you calculate it?
22/11/2022

Content What are the different types of employee turnover? Comparing Turnover and Profit Why is [...]

Cost-Volume-Profit Analysis Accounting for Managers
26/10/2022

The effects of these changes are calculated in Video Illustration 4-3, Video Illustration 4-4, and [...]