If you are familiar with the basics of accounting, or if you are running a business, you probably have an idea of what ledgers and t-account ledgers are. For someone who does not have an accounting background, this may seem overwhelming, if not utterly daunting. However, for business, this is very important, so it is …
When you have a checking account for your personal or business use, you have to be able to correctly record and track your transactions as part of keeping your finances in order. While you can keep a notebook and write down your payments and deposits, you can also use more convenient means by using a …
Small business, just like any other business, needs to be updated about the company’s financial status or standing. From the income to the expenses, proper planning, budgeting, and monitoring is important to ensure that the company is financially healthy and can operate smoothly while generating enough profits to cover expenses.
As a teacher, you have many tasks and responsibilities. Aside from preparing lesson plans and teaching students while still keeping them attentive, you also have to balance learning with some fun. On top of this, you also have to keep a close eye on your students’ attendance.
Probably one of the most important and indispensable parts of your company is your payroll department. Whether payroll computations are done by one staff or a multitude of employees in one department, there will always be a need for payroll management or even a system for correctly and accurately computing for the whole organization’s salaries.
If you are involved in hiring suppliers for your business, a price quote is a necessity. The same can be said for the suppliers. It is the suppliers’ job to provide price quotes to potential clients so that the clients know just how much a job or a product costs in order to make adequate …
Deferred taxes are created when taxes are paid but not yet reflected in the income statement. Calculating this is important so you may use your deferred taxes to carry over to your future income tax expenses. Whether you are a business owner, a self-employed professional or employee, you need to know your deferred tax rate in order …
If there’s a pie chart, there’s also a donut chart. A donut chart is actually similar to a pie chart, only it has a hole in the middle, Using Excel, you can easily and conveniently turn your numerical data into a donut chart, and then use formatting and style features to customize your chart.
As a business owner or manager involved in sales of products or services, you would know the crucial part a cost of sales analysis plays in your sales strategy and the whole sales process. A cost of sales analysis includes the costs that are directly attributed to the production of goods or supply of services that …
If you are in sales or business in general, then you know the importance of a sales pipeline. A sales pipeline is one of the most valuable and important indicators of a company’s health in terms of finances. From the term itself, it is a visual and systematic approach to selling your products or services, …
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