The first and most important part of an income statement is the line reporting sales revenue. Businesses need to be…
Measuring profits or net income is the most important thing accountants do. The second most important task is measuring costs.…
Are You Making Money From YOUR Home? No? Then Start Direct & indirect costs Direct costs are those costs that…
While many businesses assume that accountants are bound by generally accepted accounting practices and that these are inviolate, nothing could…
Budgeting is one of those topics you would rather avoid, but in business, it's an absolute necessity. To prepare a…
A sole proprietorship is the business or an individual who has decided not to carry his business as a separate…
Some business owners choose to create partnerships or limited liability companies instead of a corporation. A partnership can also be…
Most businesses start out as a small company, owned by one person or by a partnership. The most common type…
It would be very easy for an employee to expect fair treatment from professionals within the company s/he's employed with.…
Financial managers can do certain things to increase or decrease net income that's recorded in the year. This is…