Accounting articles

Multi-Product Break-Even Analysis

It is a chart that shows the profit or loss at all levels of output and sales. This chart plots a single line depicting the profit or loss at each level of activity. The procedure of computing break-even point of a multi-product company is a little... Read more

What expense category is bookkeeping?

When you’re stuck in the minutiae of reconciling your transactions, this won’t feel like “seven easy steps”. You can’t run a healthy, successful business without having your books in order. It’s like driving a car... Read more

Bookkeeping Quiz and Test

Once you’ve customized the Income Statement Template for your business, you’ll mostly be using the Transactions sheet. Microsoft Excel (and its simpler, online cousin Google Sheets) is adaptable. That being said, even if you’re goo... Read more

Bookkeeping Questions and Answers

Having a strong sense of ethics is very important in the world of bookkeeping. You should be able to draw the line between what is ethically right and what is ethically wrong in the blink of an eye. That is the very objective behind this bookkeepin... Read more