Depreciation reporting
In an accountant's reporting systems, depreciation of a business's fixed assets such as its buildings, equipment, computers, etc.……
Search results for: "accounting_basics"
Depreciation
Depreciation is a term we hear about frequently, but don't really understand. It's an essential component of accounting however. Depreciation……
Gains and Losses
It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But there……
Assets and Liabilities
Making a profit in a business is derived from several different areas. It can get a little complicated because just as in our personal……
Making a Profit
Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports……
Personal Accounting
If you have a checking account, of course you balance it periodically to account for any differences between what's in your statement……
Bookkeeping Basics
Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting,……
Profit and Loss in Accouting
It might seem like a no brainer to define just exactly what profit and loss are. But of course these have definitions like everything……
Basic Accounting Principles
Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function:……
What Is Accounting Anyway?
Anyone who's worked in an office at some point or another has had to go to accounting. They're the people who pay and send out the……
