Category: Bookkeeping

Examples of expenses include rent, utilities, wages, salaries, maintenance, depreciation, insurance, and the cost of goods sold. Expenses are usually recurring payments needed to operate a business. Operating expense is deducted from revenue to arrive at operating income; the amount of profit a company earns from its direct business activities. Companies need to manage their […]

These include government portals, tools like Google Trends, and data published by major organizations such as UNICEF and the World Health Organization. If you’re considering a career as a data analyst (or thinking about hiring one for your organization), you might be wondering what tasks and responsibilities fall under the data analyst job title. As […]

As a result the equity side of the equation looks smaller and the debt side appears bigger. This ratio compares a company’s equity to last-in first-out lifo method in a perpetual inventory system its assets, showing how much of the company’s assets are funded by equity. The debt-to-equity ratio belongs to a family of ratios […]

If lawmakers make R&D expensing permanent, for example, it would boost output by 0.1 percent and more than offset the negative effect of limiting the deduction for corporate income taxes paid. The Depreciation Tax Shield accounts for this reduction by allowing businesses to deduct depreciation from taxable income, thereby reducing the overall tax burden. To […]

Our team of experienced professionals are here to help you best serve your cause. With this, we apply our expert knowledge and specialist accounting services to protect organisations like your own, utilising our profits for a worthy cause. Our accountants are fully prepared to take on the most difficult audit preparations, account reconciliations, system reviews, […]

Key components of government-wide financial statements include the Statement of Net Position and the Statement of Activities. The Statement of Net Position outlines the government’s assets, liabilities, and net position at a specific point in time. GASB 35 established accounting and financial reporting standards for universities within the financial reporting guidelines of GASB 34. Universities […]