Brainwave Control Panel

When a specific bad debt is identified, the allowance for doubtful accounts is debited (which reduces the reserve) and the accounts receivable account is credited (which reduces the receivable asset). Financial forecasting is predicting a company’s financial future by examining historical performance data, such as revenue, cash flow, expenses, or sales. This involves guesswork and […]

Some of the more challenging aspects of applying the equity method of accounting and accounting for joint ventures are discussed next. An investor must consider the substance of a transaction as well as the form of an investee when determining the appropriate accounting for its ownership interest in the investee. If the investor does not […]

Content Add Up The Company’s Current Assets Working Capital Formula Refinance debt Why should a business calculate change in net working capital? How do you calculate net working capital? Negative Net Working Capital Knowing the difference between working capital and non-cash working capital is key to understanding the health of your cash flow and the […]

Getting a small business bookkeeping service like ours will give you a clearer and broader insight of your expenditures, as well as your profits. These financial reports can help you define a better budget and allocate your funds to the right things. We are trusted by numerous small business owners and the number continues to […]