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Search Results for: Accounting Service
How to Calculate Revenue Per Employee
The revenue of an employee is determined by the calculation of the specific employee's contribution towards the company's production. It is calculated...
How to Calculate Carrying Costs
Carrying costs are an important part of the financial health of any business. These costs can be high, so knowing how to calculate them will help ens...
How to Calculate Cost Escalation
In any negotiation, you need to be prepared to have a basic understanding of the terms involved. This article covers everything from calculating cost...
What is Accounting Information ?
Accounting is the process by which data is gathered, summarised, examined, and understood within an organization. As a result, accounting information...
Difference Between Cost Accounting and Management Accounting
Cost accounting and management accounting are two sides of a coin. Both of them measure the costs associated with a project or business, but each does...
A Guide to Amazon Seller Bookkeeping
Accounting and bookkeeping are essential for any business, but Amazon businesses have a few considerations that make it even more important to stay on...
What Does an Accountant Do for a Small Business
Let us first begin by understanding what the term business denotes. Only then can we identify the actual need for accounting, how it forms an integral...
What is a Chart of Accounts & Why is It Important
The chart of accounts is a list of all the financial accounts that your organization uses. It's the backbone of any accounting system, so it's importa...
How to Create a Simple Bookkeeping Spreadsheet for Your Business
In businesses and other organizations, bookkeeping, or the practice of recording financial transactions, is a part of accounting. Source documentatio...
How To Calculate Total Assets To Find Net Worth
Net worth is one of the most important factors to consider when planning your financial future. However, calculating net worth can be a daunting task...
Double-Entry System of Bookkeeping - Principles & Advantages
The double-entry booking system is an accounting system that recognizes that every transaction has two aspects and that both aspects of the transactio...
Amortization OF Preliminary Expenses
You can use amortization in your accounting books to calculate further losses. By proving a decrease in an asset's book value, you can reduce your tax...
Effective Gross Income (EGI)- Meaning & How to Calculate
Did you know that EGI is a valuable tool for business owners? EGI provides a comprehensive snapshot of a business's current financial status, allowing...
Gross National Product: Definition, Formula, Importance
Gross national product (GNP) is the sum total of all the goods and services produced by a nation in a given year. It's one of the most important stat...
Why is It Important to Maintain Books of Accounts
It's no secret that maintaining accurate books of accounts is essential for any business. But why is this the case? Why is it important to maintain b...
