Bookkeeping 101

Sales invoices serve as important data when your business is planning for its future. Sales invoices can offer information on how much revenue you’re bringing in and how your earnings have changed over time. You can also use your sales data to see ho…

The payments you receive will depend on how well your investments perform. Future value is the value of a sum of cash to be paid on a specific date in the future….

For example, a company may pay a sales person a monthly salary (a fixed cost) plus a percentage commission for every unit sold above a certain level (a variable cost). Business owners need to make big accounting decisions on how to handle their costs…

When an investment is publicly traded, market value is readily available. Interested parties can also have a valuation done to estimate market value. Book value is shareholder equity stated on the balance sheet. Equity is found on a company’s balance…

You want to credit a liability account in order to increase it. Prepaid Insurance is an asset and assets are increased with a DEBIT….

Remember, lower bond prices mean higher yields or returns available on bonds. Conversely, falling interest rates will result in rising bond prices, and falling yields. Put simply, ultrashort-term bond funds are best for investment objectives with les…

The acquisition of title to, or property in, anything for a price; buying for money or its equivalent.They offer free with the purchase of a drink. This is the best Dictionary I have purchased. I have a job that involves having to write and understan…

Carrying nonperforming assets, also referred to as nonperforming loans, on the balance sheet places significant burden on the lender. The nonpayment of interest or principal reduces the lender’s cash flow, which can disrupt budgets and decrease earni…

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If cash were instead received at the beginning of each period, the annuity would be called an annuity due, and would be formulated somewhat differently. A common use of present value calculations is to determine the value of a business an investor is…