Accounting

Profitability is a term that needs to be found through the operating profit margin ratio to know how much operating profits businesses are getting. By… Read More »What is an operating profit margin?

A small amount of profit is taken out from a company’s earnings for allotting it to shareholders, that distributive part is known as dividend. It… Read More »What is the dividend?

The Expanded accounting equation plays a similar role in varieties of business like a partnership, sole-proprietorship, a public or private corporation. Each business has different… Read More »Expanded Accounting Equation

With an easy and single format, business owners can make their income statement to record expenses or costs and revenue in a single column. Expenses… Read More »What is a single-step income statement?

A receipt that defines the total business small expenses incurred in a whole financial year, is known as a petty cash voucher. A Petty Cash… Read More »What is a petty cash voucher?

An account receivable turnover ratio defines the ratio in the percentage of how much cash has been received on selling a company’s goods. This role… Read More »What is the accounts receivable turnover ratio?

AICPA and PCAOB, both have a major involvement in setting the accounting and auditing standards of the United States to improve the auditing terms for… Read More »Difference between PCAOB and AICPA(PCAOB Vs AICPA)

Standard cost is an assumed cost that is decided by the company before starting the production process so that they can get an idea of… Read More »What is the standard cost?

Which bookkeeping certification is best? is a common question for most of the student, who want to grow their carrier as bookkeepers. Bookkeeping is a… Read More »Which Bookkeeping certification is best?

Flowchart is a diagrammatic tool that allows us to explain our point through the chart, shapes, lines, graph, styles, color, customize and so on. There… Read More »Best Flowchart Software

Before we start knowing about the best invoicing software, we will first learn about the term “Invoice”. The term invoice describes a document of commercial… Read More »Best Invoicing Software

Every business whether it is small or big needs to prepare financial statements for balancing and determining the actual position of business. Profit and loss… Read More »How do I prepare a Profit and Loss Statement?