FIFO vs LIFO: Comparing Inventory Valuation Methods

Companies should align their choice with their long-term financial goals. Businesses prioritizing tax reduction might prefer LIFO, while those focused on profitability and international compliance should consider FIFO. Choosing between FIFO and LIFO depends on a company’s financial strategy, industry, goals and places of business. Since the seafood company would never leave older inventory in […]

Startup Accounting: The Ultimate Guide for Founders

Using a financial forecast template for startups can ensure that you don’t miss any crucial components in your projections. Now, once you get your income statement done, you’re going to want to feed that into the balance sheet. Cash is really the most important item that you are forecasting in your startup financial projections. Why […]

7 3 Methods for Solving Time Value of Money Problems Principles of Finance

In conclusion, the future value calculator helps you make smart financial decisions. With the mobile version of our application, you can also use our FV calculator wherever and whenever you want. In less than a second, our calculator makes every computation and displays the results. They are shown in the future value field, where you […]

Overcoming Financial Statement Challenges in the CPG Industry

Although CPG makers generally enjoy healthy margins and robust balance sheets, they must continuously fight for shelf space in stores. Even well-known companies must continuously Certified Bookkeeper invest in advertising in an ongoing effort to increase brand recognition and stimulate sales. Understanding the gross profit generated by each sales channel is crucial for resource allocation […]

C Corporation C-Corp TaxEDU Glossary

You’ll choose your company structure (C corporation, limited liability company, or subsidiary) and pick a company name. Our instant company name checker will let you know if it’s available ccorp meaning before you submit your application. You can add up to four additional cofounders, decide how you split equity between them, and reserve an equity […]

Construction accounting for busy contractors

Properly recording all monetary transactions is essential to lessen the likelihood of disagreements. Proper bookkeeping facilitates better risk management for construction companies. By maintaining precise financial records, companies can identify potential financial risks early on. This allows them to implement risk mitigation strategies promptly and protect the company from financial downturns or unexpected challenges. Tailored […]

Cash Flow From Financing Activities CFF: Definition & Formula

Continuous negative cash flow cycles will deplete your bank accounts over time and result in a cash crunch. This scenario is expected for a period when your business is new, or it is going through a growth and expansion phase. As we have seen, financing activities can generate either a positive or a negative cash […]

Accounting Profit: What It Is and How to Calculate It

Deferred income, on the other hand, is income that is paid in advance for goods or services. Deferred income is reported on the balance sheet as a liability. Accrued how to find revenue in accounting income is income that you have earned but has not yet received. For example, your income is accrued if you […]

Dividend Accounting: Types, Processes, and Financial Impact

The cash flow statement is another area significantly affected by dividend payments. The outflow of cash to settle dividends payable is recorded under financing activities, reflecting the company’s distribution of earnings to shareholders. This outflow reduces the net cash provided by financing activities, which can influence the overall cash position of the company. For firms […]

7 Best Online Bookkeeping Services for Small Businesses

For pricing, we considered whether a service offers a free trial or a free version of its software as well as the affordability of its lowest and highest price tiers. Bookkeeper360 is best for businesses that occasionally need bookkeeping services as well as those that want integrations with third-party tools. Learn how to get set […]