Bookkeeping

Sometimes, the errors are accidental; that is, they are honest mistakes by an individual. The Securities and Exchange Commission founded the Financial Accounting Standards Board (FASB) to develop the guidelines that all accounting professionals ought to follow. The FASB guidelines allow companies to provide financial information in a transparent and useful manner, and this information […]

Learn how to build, read, and use financial statements for your business so you can make more informed decisions. The magic happens when our intuitive software and real, human support come together. If your firm doesn’t have a bookkeeper on staff, it’s likely they take up a significant portion of your time. These are all […]

Subsequently, the repayment is accelerated proportionately with the assumed increase in your income. There are numerous types of EMI Calculators that you can use on Groww to calculate your equated monthly installments for home loans, personal loans, car loans, etc. We suggest that you calculate floating / variable rate EMI by taking into consideration two […]

Your actual loan tenure — and EMI (comprising of both principal and interest) payments — begins once the Pre-EMI phase is over i.e. post the loan has been fully disbursed. It is currently the 4th largest credit industry in the world, recording a CAGR of over 11% year on year. A vast majority of these […]

This is especially important when transactions often involve significant sums and extended payment terms. Accounts receivable refers to the outstanding invoices your company has, which represent the money owed to you by customers for goods or services that have been delivered but not yet paid for. Late payments aren’t always the buyer’s fault – the […]

In many cases, nonmetals form more than one binary compound, so prefixes are used to distinguish them. Binary ionic compounds are between a metal and nonmetal. This does not mean there are two atoms, but two types of atoms, so how do marketable securities impact a company’s financial statements Al2S3 is a binary ionic compound. […]

Overhead Absorption Rate Formula The variable product costs include all variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead). These costs are subtracted from sales to produce the variable manufacturing margin. As a result, these amounts must also be subtracted to arrive at the true contribution margin. Management must take into account all […]

Talk To A Bookkeeping Expert It’s sound practice to deposit all cash receipts in your bank account daily. Your cash disbursement journal can provide an up-to-date snapshot of these cash payments during a specific time period (e.g., quarter or year). Missing a journal entry can throw off your running balance and cause you to misread […]