Accounting

Accounting

Understanding Intangible Assets - Non-Physical Assets with Considerable Value

An element or resource that is not physical but assigns a considerable value to a company is called an intangible…

10 min read Jun 2, 2021

Accounting

Guide to Gross Income Vs. Net Income

The two critical profitability metrics for any business or company include the gross income and net income. The gross income…

9 min read May 29, 2021

Accounting

Understanding Net Profit

In business and accounting, net profit is a company's income minus the cost of goods sold (COGS), expenses,…

7 min read May 28, 2021

Accounting

What is Gross Profit and Gross Profit Margin?

Gross profit margin is also known as gross margin. It is a financial metric which indicates how efficient a company…

9 min read May 27, 2021

Accounting

What Are Trade Receivables? Definition & Examples

Trade receivables are the sum of money your customers owe you for buying goods and services on credit. These amounts…

8 min read May 26, 2021

Accounting

Bank Reconciliation: How It Works and Why It’s Important?

A bank reconciliation is a schedule that explains any discrepancies between the balance on the bank statement and the balance…

9 min read May 26, 2021

Accounting

Guide To Profit Margin - How to Calculate Profit Margins (With Examples)

Profit is the money or revenue a business pulls in after accounting for all expenses. From a lemonade stand to…

6 min read May 26, 2021

Accounting

What Is Liquid Net Worth? Definition and Calculation

Not all assets can be easily liquidated. Usually, high-value fixed assets [https://www.deskera.com/blog/fixed-asset/] such as buildings,…

9 min read May 25, 2021

Academy

Management Accounting - A Complete Guide

Management accounting is to accounting what a Michelin star dinner is to street food. It is like taking all the…

14 min read May 24, 2021

Accounting

What is Deferral in Accounting? A Complete Guide

A deferral is used to account for prepaid expenses or early receipt of income. This means paying for a service…

6 min read May 24, 2021

Accounting

Payback Period: Definition, Formula & Examples

Ideally, businesses would pursue all projects and opportunities that hold potential profit and enhance their shareholder’s value. However, there’…

6 min read May 23, 2021

Accounting

What Is Accumulated Profit? Definition & How It Works

An essential amount that corporations need to calculate at the end of every accounting period, is their accumulated profit. Accumulated…

6 min read May 23, 2021