Accounting

Articles from Deskera on everything related to accounting, accounting practices, and accounting concepts, covered from a business owner's perspective.

70 posts

What Is Fixed Asset? Everything You Need to Know About Fixed Assets

Fixed Assets are all around us at the workplace. The company's laptop that you are currently using, the projector in the conference room, and even the coffee machine in the pantry - they are all Fixed Assets!

14 min read 11 days ago

Accounting

Best Websites For Accountants

Index 1. Introduction to websites for Accountants 2. Websites for news & updates for accountants 3. Education websites for accountants…

6 min read 18 days ago

What is Accounts Receivable(AR)? Definition, Journal Entries, Examples

Accounting

What is Accounts Receivable(AR)? Definition, Journal Entries, Examples

Accounts receivable is money that your customers owe you for buying goods and services on credit. Your accounts receivable consist of all the unpaid invoices or money owed by your customers. Accounts receivable are recorded as an asset on your company’s balance sheet.

11 min read 20 days ago

Accounting

What Is Contribution Margin

Index:IntroductionElements of Contribution MarginWhat is the significance of Contribution Margin?How is Contribution Margin used by companies?How is…

4 min read 24 days ago

Overhead costs: Definition, Classifications, Examples, and How to calculate it

Accounting

Overhead costs: Definition, Classifications, Examples, and How to calculate it

IndexOverhead costs definitionOverhead costs examplesTypes of overhead costsShould a business cut down overhead costs?How to calculate overhead costs Overhead…

6 min read a month ago

Accounting

What is Asset Impairment?

What Does Asset Impairment Mean?In the world of finance, impairment is the term used to imply a permanent decrease…

7 min read a month ago

Due Diligence: What is Due Diligence, Types, Procedure, and Checklist

Accounting

Due Diligence: What is Due Diligence, Types, Procedure, and Checklist

Index IntroductionTypes of Due DiligenceAccounting Due Diligence checklistDue Diligence proceduresAudit vs. Due Diligence: Due diligence is a review or examination…

7 min read a month ago

Accounting

What are Liabilities in Accounting and Why You Need to Keep Track of it

Liabilities are never the problem; it’s the assets you need to worry about. This statement refers to the financial…

5 min read a month ago

Audit: What is Business Audit Review Program, and What Does it Mean for Any Small Business?

Accounting

Audit: What is Business Audit Review Program, and What Does it Mean for Any Small Business?

Most business owners tend to panic and jump to the conclusion that an “audit” refers to the IRS (Internal Revenue…

6 min read a month ago

Accounting

Assets In Accounting, Identification, Types and Learning How To Calculate Them With Ease

Index What is an asset? How to identify assets? Types of assets? How to calculate assets? What is the debt…

7 min read a month ago

Accounting

What Are Estimates or Accounting Estimates?

Understanding Estimates/Accounting estimates?The accounting process often presents certain scenarios where an amount or item in the financial statements…

6 min read a month ago

What Is Cost of Goods Sold (COGS)? Definition, Calculation, Examples

Accounting

What Is Cost of Goods Sold (COGS)? Definition, Calculation, Examples

The cost of goods sold (COGS) is a significant part of a business Income Statement and plays an essential role in calculating the net income for a business. Understanding the cost of goods sold (COGS) helps businesses to find out about their financial health and profitability.

11 min read a month ago