Bookkeeping

Anything over that amount would be paid for or reimbursed using other means. Making sure that any expense you reimburse has a receipt is also helpful. For example, for Jane to get reimbursed for the donuts she purchased for the meeting, she needs...

They can infer, for example, whether a company’s efforts at reducing the cost of sales helped it improve profits over time, or whether management kept tabs on operating expenses without compromising on profitability. The single-step format is...

However, revenue won’t appear on the ledger until the payment is received. Accrual accounting is a more complex accounting method that requires you to record incoming revenue and expenses—even if payment has not been made. This means expenses are...

On the other hand, a negative figure indicates the business has paid out capital such as making a dividend payment to shareholders or paying off long-term debt. The weighted average cost of capital (WACC) is the average of the costs of all types...