Accounting

Accounting

Journalizing Transactions: Definition and Examples

Journalizing transactions is the process of recording and tracking any transaction that your business performs. This recording is the building…

11 min read Jun 12, 2025

Accounting

What does in the Red and in the Black Mean?

The terms “in the red” and “in the black” are important phrases in the terminology of finance and accounting. You…

11 min read Jun 11, 2025

Accounting

Is Cash an Asset?

Yes, cash indeed is an asset. That is the straightforward answer. Understanding it in depth requires you to dive into…

11 min read Jun 11, 2025

Accounting

What is Modern Monetary Theory?

Modern Monetary Theory is an important new school of economic thought that could have major implications for how governments and…

14 min read Jun 11, 2025

ERP

What Is Auditing? Definition, Types & Importance

Auditing originates from the Latin term “Audire”, which means “to hear,” - just as in ancient times auditors used to…

15 min read Jun 11, 2025

ERP

How to Calculate Fixed and Variable Costs: Examples and Explanations

Businesses have many costs they need to consider when trying to make a profit. One of the most important concepts…

20 min read Jun 10, 2025

ERP

Depreciation Schedule: A Beginner’s Guide

Not all assets that a business owns are held for sale. Property, buildings, equipment, vehicles, machinery, and other fixed assets,…

20 min read Jun 9, 2025

ERP

How to Create an Invoice In Excel - Full Guide with Examples

Getting paid back fully and in time, starts with issuing clear and accurate invoices to your clients. A helpful, free…

12 min read Jun 9, 2025

Accounting

What Is an Income Statement and Why Is It Important?

Every business maintains three types of Financial Reports or statements that summarize the performance of the company. The income statement…

8 min read Jun 9, 2025

Accounting

What are Financing Activities?

In the financial statements of any firm, it becomes very important to first know what actually financing activities are. Financing…

9 min read Jun 8, 2025

Accounting

Sum of The Year’s Digits Depreciation Model - Formula, Examples, Journal Entries

Companies purchase physical assets, also known as tangible assets as they add value to their business. Examples of these are…

11 min read Jun 6, 2025

ERP

Salvage Value - A Complete Guide for Businesses

Salvage value is a critical concept in accounting and financial planning, representing the estimated residual value of an asset at…

11 min read Jun 6, 2025