by Voice Of Calcutta | Nov 17, 2023 | Bookkeeping
Therefore, the total gross sales for these two products combined would be $34,000. Because gross sales is a specific number, there’s really no universal rule on what’s considered good, there are simply too many factors that need to be considered. For example, small...
by Voice Of Calcutta | Sep 25, 2023 | Bookkeeping
As you can see in the above example, there is a lot of detail required to model the operating activities section, and many of those line items require their own supporting schedules in the financial model. Calculating the cash flow from operations can be one of the...
by Voice Of Calcutta | Sep 1, 2023 | Bookkeeping
The ratio, which is calculated by dividing current assets by current liabilities, shows how well a company manages its balance sheet to pay off its short-term debts and payables. It shows investors and analysts whether a company has enough current assets on its...
by Voice Of Calcutta | Aug 2, 2023 | Bookkeeping
Consider refinancing options that align with your current financial goals, and prioritize paying off high-interest debt to reduce interest expenses. One of the foundational strategies in uncertain times is scenario planning. By creating a range of financial scenarios...
by Voice Of Calcutta | Apr 11, 2023 | Bookkeeping
As a legal document, it is important that the client provides confirmation of the terms outlined in the engagement letter and both parties sign and date the agreement prior to the engagement. Dear Mr. Jones,This letter confirms the services provided by ABC Accounting...
by Voice Of Calcutta | Dec 29, 2022 | Bookkeeping
Tim has spent the past 4 years writing and reviewing content for Fit Small Business on accounting software, taxation, and bookkeeping. An increase in expenses and losses will cause a decrease in cash flow from operations because more cash is going out than coming in....