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Learn about indirect method of preparing your cash flow statements by clicking here. Sheets are designed by professionals using excel tool, ideal for recording purposes. Profit and loss accounts of the companies are also prepared using excel sheets. Before making investment decisions, these sheets are observed by company stakeholders as it clearly shows the current position and stabilityContinue Reading
Looking for balance sheet in excel format? Click here and make your business running easy and help out your cashiers! They can easily fill an excel template. Use profit and loss account to see profit made in the industry. Cashiers perform many tasks in the workplace. Their act directly affects the profit-making ability of the business.Continue Reading
A structured ѕеttlеmеnt іѕ a сеrtаіn аmоunt оf money that hаѕ bееn ѕеt аѕіdе fоr thе bеnеfіt of a bеnеfісіаrу. Each month a withdrawal is paid tо thе bеnеfісіаrу. These settlements may соmе from insurance ѕеttlеmеntѕ, lеgаl awards, wоrkmаn’ѕ соmреnѕаtіоn, and other sources. When іt becomes арраrеnt tо the оwnеrContinue Reading
Download printable template of Checkbook register in Microsoft Excel format. This is used for maintaining a safe record of your checks and bank account balances reports. People have their bank accounts and they often have to use the checkbook for withdrawing cash from their accounts. This register isn’t only for banking use, but alsoContinue Reading
Definition Revenue is only revenue (or profit) when it can calculate, that is, recognized and realized. Other says that, the actual profit that company already earn in present time. Forecasting or prediction isn’t revenue recognition. A company that, for example, functions in the retail industry, buys an inventory. It canContinue Reading
Definition A sales return, as the name implies, is something (a product or service) that is sent back to the seller. Or Direct deduction from gross income for any return of product or service (multifactional) is called sales return. The scenario will be reversed in case of credit sales, so in aContinue Reading
Definition A credit sale is one in which the company does not immediately receive cash. A customer buys a product or service on credit, that is, he pays for it after a given time period. Companies usually have a very high amount of credit sales if their credit sale policyContinue Reading
What is Unearned Income? In some cases, when you receive cash (Revenue) in term of advance rent this must include in adjusting entry as an unearned income. This amount list in Liabilities or accrued income in accounting terms. Both types of cash either under list in income or liability, as defined byContinue Reading
Definition Sometimes payment process isn’t mentioned in any entry, or use techniques for using more earned income or revenue recognition is called Accrued revenue. In some construction companies and major development, land firms use this method for capitalized in the company. Example: One of the most usual example like LandContinue Reading
Accrued revenue is the income that has been recognized but not collected for some reason. It means, in literal terms, that a product or service has been delivered to the customer but the billing for the service has not yet been processed. You can also state as, a company CTG promiseContinue Reading