Under variable costing, only those costs of production that vary directly with output are treated as product costs. The variable costing method requires that all costs should be divided into fixed and variable elements. Also variable costing assumes... Read more
This is a great way to leave a positive and lasting brand impression on your candidates. Our Accounts Receivable test can also be combined with many other skills tests. We recommend combining up to five skills tests during the testing phase to get a... Read more
Accounts in the accounts payable ledger are usually not assigned numbers. Instead, they are arranged in alphabetical order to make it easy to add new accounts and remove inactive accounts. Prior to entering a vendor invoice into Accounts Payable, th... Read more
It is important to note that loan providers in many instances stipulate a specific level of working capital be maintained if a loan is approved. Financial Ratios Calculators help determine the overall financial condition of businesses and organizati... Read more
Whether you’re tracking accounting transactions using spreadsheet software or accounting software, you’ll need to record vendor details. When accounts payable items are paid, the accounts payable account is debited, with cash credited. A... Read more
Also, You can easily create financial statement once you capture details in this accounting journal worksheet. Using this accounts payable tracker excel template will help to keep track of what you owe to each party, and will provide a quick look at... Read more
All source documents should be stored, either physically or electronically, for future reference. Every time a business is involved in a financial transaction, a paper trail is generated. Small business accounting includes a variety of paperwork use... Read more
Don't worry about getting the right answer, focus on understanding how to solve the question. Just like your homework problems, it's important to understand the "why" behind the answer, even if you answer the question correctly. In accounting, decis... Read more
Finally, a successful AR process will send follow-ups to encourage prompt payment of outstanding invoices. They will run ongoing invoice aging reports to determine late payments and take a proactive approach to the collections process. Indicators in... Read more
Lenders and investors may use liquidity ratio calculations to determine how healthy your business is. They generally want to know that you have cash flow under control, you spend responsibly, and you pay off your debts. A steady stream of cash is ke... Read more
