Cost of Goods Sold Formula | How to Calculate COGS, with Examples
How do you know your business is not bleeding money when you make a sale? One way is to ensure…
6 min read
Accounting
Articles from Deskera on everything related to accounting, accounting practices, and accounting concepts, covered from a business owner's perspective.
104 posts
Latest Posts
A Beginner’s Guide to Bookkeeping
Are you a small business owner who wants to learn how to do your own books? Do you want to…
14 min read
Periodic Inventory System: Definition and Calculations
Small merchandising businesses can track their inventory with an inventory management approach known as the periodic inventory system. Under a…
9 min read
Cash Accounting: Small Business Guide with Examples
Cash accounting, or cash basis of accounting, is the simplest method businesses can use to recognize their finances. Under cash…
8 min read
Accrual Accounting Explained: Definition, Pros, Cons, & More
Accrual accounting is the standard accounting method most businesses use to recognize their financial transactions. Under accrual accounting, revenue is…
9 min read
Perpetual Inventory System: Definition & Examples for Business
Merchandise businesses can record their inventory with either a periodic inventory system or a perpetual inventory system. A periodic inventory…
10 min read
Provisions in Accounting: Meaning and Types
In the business world, some costs are unavoidable, whether it be from a customer not paying their outstanding invoice, loss…
8 min read
Accounting Basics: T Accounts
One of the fundamental principles of financial accounting is the T account. A T account resembles the letter T and…
9 min read
Why Your Small Business Needs a Cloud Accounting Software?
Accounting is the process or activity of recording all financial transactions related to a particular business entity. It involves keeping…
12 min read
3 Main Accounting Reports for Small Businesses
As businesses operate, they engage in multiple financial transactions that generate revenue, incur expenses, increase inventory, and so on. All…
9 min read
What Is a PO Number & How to Create It
The purchase order is the official request and confirmation of a customer’s purchase. It details the specifics of an…
7 min read
What Are Adjusting Entries? Definition, Types, and Examples
The life of a business is divided into accounting periods, which is the time frame (usually a fiscal year) for…
9 min read