Install Free Gold Price Widget!
Install Free Gold Price Widget!
Install Free Gold Price Widget!
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- Online Bookkeeping Services for Small Businesses - Bench . . .
Get comprehensive small business bookkeeping services and tax filing support with America's largest online bookkeeping solution Trusted by over 35,000 small business owners
- Debits VS Credits: A Simple, Visual Guide | Bench Accounting
What is a debit? In double-entry accounting, debits (dr) record all of the money flowing into an account So, if your business were to take out a $5,000 small business loan, the cash you receive from that loan would be recorded as a debit in your cash, or assets, account
- How to Calculate (And Interpret) The Current Ratio | Bench . . .
The current ratio (also known as the current asset ratio, the current liquidity ratio, or the working capital ratio) is a financial analysis tool used to determine the short-term liquidity of a business
- How to Read (and Analyze) Financial Statements - Bench Accounting
Parts of an income statement Sales revenue, the top line, is all the money that has come into the business during the month, before taking any expenses into account Cost of Goods Sold (COGS) is the money Erin spent in order to earn her sales revenue
- Cash Flow Statement: Explanation and Example - Bench Accounting
Cash flow statements are also required by certain financial reporting standards What makes a cash flow statement different from your balance sheet is that a balance sheet shows the assets and liabilities your business owns (assets) and owes (liabilities) The cash flow statement simply shows the infl
- Easy Formula to Calculate Markup Margin | Bench Accounting
Using the income statement above, Chelsea would calculate her gross profit margin as follows: $40,000 $55,000 = 73 In other words, for every dollar of revenue, the business makes $0 73 after paying for COGS
- Introduction to Generally Accepted Accounting Principles (GAAP)
Over the years, GAAP has evolved to keep pace with the ever-changing business landscape The Securities and Exchange Commission (SEC) played a significant role in its growth, working closely with the AICPA to establish and update these principles By the 1970s, GAAP became widely accepted, ensuring that financial statements are transparent, comprehensive, and consistent
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