Vertical Analysis Financial Edge

We’ll dive into the methodology of vertical analysis and walk you through the step-by-step process [...]

Reversing Entries Explained via Examples Accounting Cycle

On average, reversing entries occur on the first day of the new period, mirroring the [...]

Flexible budget definition

This allows for an infinite series of changes in budgeted expenses that are directly tied [...]

Fixing the Opening Balance Equity in QuickBooks for a Church

Whenever a company gets part of the cash from loans or other financing facilities, then [...]

Outstanding Check- What Is It, Examples, Vs Deposit In Transit

Have you ever experienced the frustration of receiving an outstanding check due to insufficient funds? [...]

Contra Account: A Complete Guide + Examples

Non-current Liabilities – Also termed as fixed liabilities they are long-term obligations and the business [...]

How does revenue affect the balance sheet?

Since equity accounts for total assets and total liabilities, cash and cash equivalents would only [...]

Negative Confirmation Overview, Types, When to Use

Auditors might need to engage in discussions with the client to explore the reasons behind [...]

Learn Accounting Online for Free

Finally, the net income margin is 40%, indicating that 40% of the company’s net sales [...]