Advertising to Sale Ratio Advertising is a key component of a business’s success. It is used to attract customers and increase sales. The advertising-to-sale ratio is a measure of how effective the business’s advertising campaigns are. This ratio is calculated by dividing the amount of money spent on advertising by the total sales of the … Read more
Accounting for Improvements to Fixed Assets Fixed Assets Improvement Fixed assets improvements are expenditures that extend the life of a fixed asset, enhance its overall value, or adapt it for a new use. These improvements must be expected to last for at least one year and must meet certain criteria. For an expenditure to qualify … Read more
Why is Cash Debit in Accounting Cash and Cash equivalent Cash and cash equivalents refer to the value of a company’s assets that can be converted to cash immediately. These assets include bank accounts, commercial paper, and short-term government bonds. Cash equivalents are considered highly liquid assets, providing a company with immediate access to funds. … Read more
How Long Are 2 Business Days? Do you need to get something done quickly in your business? Have you ever been asked, “How long are two business days?” It can be difficult to answer without a frame of reference. Is two business days enough time for a customer to receive their order? Do you have … Read more
How Does Goodwill Affect Statement Of Cash Flow? Goodwill is an intangible asset that can have a major effect on a company’s statement of cash flow. Goodwill is created when a company acquires another business and pays more than the fair market value of the net assets acquired. It can be difficult to establish the … Read more
Is Accounting Fun Or A Boring Job? Reasons To Love Accounting Job When someone mentions accounting, most people think of a boring job where you’re stuck in an office crunching numbers. However, the world of accounting is so much more than that! Accountants are the financial superheroes of our modern world – without them, no … Read more
Chief Financial Officer Vs. Chief Investment Officer: What Are The Differences? The Chief Financial Officer (CFO) and Chief Investment Officer (CIO) are two important roles within a company’s executive team. Both roles are essential to the company’s financial success, although their responsibilities and skill sets are different. The CFO is responsible for the company’s financial … Read more
Can I Pay Myself A Salary From Charity Or Non-Profit? Are you the head of a charity or non-profit organization and have been wondering if you can pay yourself a salary from it? If so, youre not alone. Many people in your position are asking the same question. Paying yourself a salary from a charity … Read more
Differences Between Equity and Liabilities Equity Definition Equity is the amount of money that a company’s owner has invested into it, representing the value of the company’s assets if all debts were to be paid off. It is the difference between a company’s liabilities and assets, and can also be referred to as owners’ equity, … Read more
Is Quickbooks Certification Worth It? Gaining QuickBooks certification provides individuals with the opportunity to demonstrate their proficiency in the software and become recognized experts in the field. To achieve certification, applicants are required to pass an examination that covers QuickBooks features, functions, and tasks. The test includes questions about topics such as creating and managing … Read more