Likewise, the inventory balances will be up to date and the company can review it anytime without making physical inventory count. Of cause, the company still performs the physical count of inventory sometimes for the control purpose. Inventory accounting journal entries are records in your accounting ledger that document your inventory transactions. There are different…
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Allow homeowners to view balances, pay fees and request maintenance in a secure portal or mobile app. Your property management software should meet five requirements before you decide to stick with it for the long haul. Save time and money with all-in-one marketing, leasing, management and accounting software that makes work a breeze. Start by…
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GST returns are due to be submitted by the 28th day of the month following the end of the reporting period and the payment deadline is the same as the return filing deadline. If you’re a non-resident business that sells low value goods such as clothing, cosmetics and electronic items to consumers in New Zealand,…
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Permanent employees double this compensation by 52, the year’s number of weeks. Unearned income, also known as passive income, is money you receive without actively earning it. For example, receiving gifts and contributions, such as inheritances can be a source of unearned income. If you have multiple sources of income, you will need to add…
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The full disclosure principle is a principle you may have heard in the news in regard to businesses releasing information. Under this basic accounting principle, a business is required to disclose all information that relates to the function of its financial statements in notes for the reader that accompany the statements. Generally, these notes first…
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In other words, the hedge is 100% inversely correlated to the vulnerable asset. This is more an ideal than a reality on the ground, and even the hypothetical perfect hedge is not without cost. Basis risk refers to the risk that an asset and a hedge will not move in opposite directions as expected. The best…
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This efficiency allows for more immediate reinvestment into the business, fostering growth and stability. Delinquent Days Sales Outstanding (DDSO) is a good alternative for credit collection assessment or for use alongside DSO. Like any metric measuring a company’s performance, DSO should not be considered alone, but rather should be used with other metrics. When the…
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For instance, a company with a strong sinking fund for bond repayment may find it easier to issue new bonds in the future, as investors will have greater confidence in the company’s ability to meet its obligations. The establishment and maintenance of sinking funds can have a profound impact on a company’s credit ratings. Credit…
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This allows you to compare the estimated costs and revenues of your projects against the actual numbers incurred throughout the completion of the project. This helps you identify potential problems and make adjustments once you determine that your projects are not profitable. A notable new feature is Spreadsheet Sync, which helps you generate consolidated reports…
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The cash flow statement will not present the net income of a company for the accounting period as it does not include non-cash items which are considered by the income statement. The indirect method takes the company’s net income and adds or subtracts the difference between non-cash transactions. The indirect method starts out with accrual…
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