Bookkeeping

2022.12.09.

Analyzing a Banks Financial Statements: An Example

A brief review of Apple’s assets shows that their cash on hand decreased, yet their non-current assets increased. The financial statement only captures the financial position […]
2022.12.09.

Basis Points BPS Conversion Calculator

Depending on your mortgage size, this can have a significant effect on your monthly payments. A basis point is a mathematical term used to describe one-one […]
2022.12.12.

The Best Way to Record Fixed Assets on a Balance Sheet

Service companies and computer software producers need a relatively small amount of fixed assets. Mainstream manufacturers typically have 25% to 40% of their assets in PP&E. […]
2022.12.12.

Chapter 2: Statement of financial position and income statement

The Statement can provide insight into other important business ratios and trends. For example, the section on debtors can tell you how long it takes to […]
2022.12.29.

Retained Earnings Explained Definition, Formula, & Examples

In between the opening and closing balances, the current period net income/loss is added and any dividends are deducted. Finally, the closing balance of the schedule […]