Accounting Tips and Guides

Gross Income Vs Net Income

The difference between gross profit and net profit is when you subtract expenses. In other words, your net profit margin is your business's overall profitability, accounting for all fixed expenses and overhead.... Read more

Free Accounting Software For Small Business

You’ll also be able to manage accounts receivable and payable easily through this software. That said, in order to access your books online, you’ll have to purchase the cloud version of Express Accounts, which isn’t free and current... Read more

Tips For Finding The Right Tax Accountant

Some accountants are jacks-of-all-trades, while others specialize in certain areas. You don't want to hire someone who has never handled an audit before if you're being audited, but you probably don't need an audit expert to explore tax-advantaged sa... Read more

What Is A Financial Statement?

Expenses are recording in a different direction from revenues in terms of the accounting entry. Yet, they normally report in the different line between the cost of goods sold and general and administrative expenses.... Read more

Financial Statement Analysis & Valuation, 6e

The cash flow statement will help us understand the inflows and outflows of cash over the time period we’re looking at. Using the financial ratios derived from the balance sheet and comparing them historically versus industry averages or compet... Read more

Financial Forecasting Vs Financial Modeling

This periodic reckoning should never come as a surprise, but rather as part of a continuous and dynamic planning process. In some cases, you’ll want to spread costs across segments or cost centers. Distributing IT expenses across multiple depar... Read more

Three Common Currency

Maybe you’re thinking of expanding your ecommerce shop to customers in other countries. Taking your business international is heady stuff and a big step in your growth. These include white papers, government data, original reporting, and interv... Read more

Accounting Equation

The most common are horizontally and vertically structured formats. For investors, the vertical format is the easiest to read because it lists the results of multiple periods in columns next to each other.A checking account is a transactional account... Read more