The ability to read and understand a balance sheet is a crucial skill for anyone involved in business, but it’s one that many people lack. In a sense, the left side of the balance sheet is the business itself – the buildings, the inventory for sale, the cash from selling goods, etc. If you were… Continue reading The Accounting Equation: A Beginners’ Guide

He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. For this reason the account balance for items on the left hand side of the equation is normally a debit and the account balance for items on the right side of the equation… Continue reading Your Friendly Guide to Understanding an Accounting Balance Sheet Example

BPA orchestrates complex workflows by automating repetitive tasks, routing information, and triggering actions to minimize manual intervention. This needs a blend of software and predefined rules to streamline business processes. Business process automation is a well-established field with solutions on the market ready to solve business inefficiency of any kind. It’s important that process improvement precedes process automation, particularly when… Continue reading What is Business Process Automation Guide with 10 Benefits

It is used in situations where companies are deciding on whether or not to invest in an asset (a project, an acquisition, etc.) based on the future net earnings expected compared to the capital cost. It is a useful tool for evaluating financial performance, as well as personal finance. It also allows managers and investors… Continue reading Accounting rate of return Wikipedia

Content Super Profit Method Goodwill amortisation is useless Book Value of Net Assets Types of goodwill Negotiating the Value of Goodwill for Its Tax Implications Example C – Bargain Purchase It is recognized only through an acquisition; it cannot be self-created. It is classified as an intangible asset on the balance sheet, since it can… Continue reading Goodwill Formula Examples Guide to Goodwill Calculation Method

Some of these elements are done more regularly than others to ensure that the books are always up to date. Other elements are completed at certain time periods as necessary to complete a business task. For example, if you paid $100 for supplies this month using your credit card, your expenses account would increase by… Continue reading What is Bookkeeping? Business Owner’s Guide

Content Excellent All-Around Solution for SMBs What do you need from your accounting software? Advance Your Large Company with Double-Entry Accounting on FreshBooks SAP Business One Professional Support for Multiple Businesses Off-the-Shelf Enterprise Accounting Software ScienceSoft Recommends Cloud-based large business accounting software Netsuite also provides a wide range of integrations available to ensure all of… Continue reading Large Business Accounting Software

Content Take the first step on your new career path Business Finance Level 2 – Paper based study Accountancy Training Online Course Launch your accountancy career with an award-winning AAT provider. ESOL Entry 3 ,(accredited) Reading, Writing, Speaking and Listening It isn’t a legal requirement for owner-managed businesses to hold bookkeeper qualifications to handle your… Continue reading Bookkeeping And Payroll Training Sage 50 Sage payroll

Contents: What is QuickBooks Bank Error 155? What are the reasons hidden behind QuickBooks Bank Feeds not working? Can these transactions be used to reconcile accounts? Employee Transaction / List Troubleshoot Online Banking Webconnect import issues and errors Then choose Open, Next, make any necessary adjustments to the data, and lastly Import. Before you get… Continue reading 2015 Premier unable to import QBO bank feed