Categoría: Bookkeeping

  • What Is a Good Debt-to-Equity Ratio and Why It Matters

    We can see below that for Q1 2024, ending Dec. 30, 2023, Apple had total liabilities of $279 billion and total shareholders’ equity of $74 billion. The debt-to-equity ratio (D/E) is calculated by dividing the total debt balance https://www.quick-bookkeeping.net/allowance-for-doubtful-accounts-and-bad-debt/ by the total equity balance. From the above, we can calculate our company’s current assets as…

  • Sale-price Definition & Meaning

    This valuable information can inform future pricing decisions, enabling you to align your prices with what your customers value most. Here, customers’ buying habits, purchasing decisions, and sales volumes need to be analyzed to reach informed decisions. Various tactics may additionally be employed to affect perceived value such as rebranding, upselling, bundling, customer segmentation, promotions,…

  • How To Become CPA Without Accounting Degree

    When I started my career, I had relocated to Atlanta where I really didn’t know anybody. In other words, my life was pretty quiet and it was easy to meet my work commitments and have a great deal of discretionary time left over. As you approach the exam, be aware of the additional preparation time…

  • What Is Accounting? The Basics, Explained

    The ability to think logically is also essential, to help with problem-solving. Mathematical skills are helpful but are less important than in previous generations due to the wide availability of computers and calculators. This rule is applicable to the assets of a business, such as cash, land, building, equipment, furniture, etc. Real accounts are permanent…

  • Deferred Revenue You can have it but not yet earned it

    As the services are provided, the deferred revenue liability is reduced on the debit side, and the earned revenue is recognized. A company would need to debit deferred revenue when it performs the services or delivers the goods for which it has received advance payments. This reduces the liability on the balance sheet and recognizes…

  • Adjusting Journal Entry Definition: Purpose, Types, and Example

    Or, if you defer revenue recognition to a later period, this also increases a liability account. Thus, adjusting entries impact the balance sheet, not just the income statement. When a company purchases supplies, the original order, receipt of the supplies, and receipt of the invoice from the vendor will all trigger journal entries. HighRadius empowers…