Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
This figure should include your total credit sales, minus any returns or allowances. You should be able to find your net credit sales number on your annual income statement or on your balance sheet. Dr. Blanchard is a dentist who accepts insurance payments from a limited number of insurers, and cash payments from patients not covered by those insurers. His accounts receivable turnover ratio is 10, which means that the average accounts receivable are collected in 36.5 days. Making sure your comp […]
The guidelines are outlined in the generally accepted accounting principles , which all publicly traded companies in the U.S. have adopted. Professionals pursuing accounting careers should understand the overlaps between financial accounting and managerial accounting.
While the focus of managerial accounting is internal, the focus of financial accounting is external, with a focus on creating accurate financial statements (more…) […]
There are different formulas—meaning, different ratios—you can use according to which financial statement you’re analyzing. Liquidity ratios show the ability to turn assets into cash quickly. However, like all other ratios, the metric has to be analyzed in terms of industry norms and company-specific requirements. The numbers contained in financial statements need to be put into context so that investors can better understand different aspects of the company’s operations. Ratio anal […]
Examples of overhead expenses include things like utilities, rent, and insurance. An operating expense is an expenditure that a business incurs as a result of performing its normal business operations. Fixed assets are depreciated over time to spread out the cost of the asset over its useful life. Depreciation is helpful for capital expenditures because it allows the company to avoid a significant hit to its bottom line in the year the asset was purchased. Capital expenditures are a (more&helli […]
The simple definition is that operating income shows your business’s ability to generate earnings from its operational activities. It measures the amount of money a company makes from its core business activities, not including other income that does not relate directly to everyday activities of the business. As a retailer tracks the three metrics we’ve just described, its managers will see when new stores in a particular chain and in a given country are having a diminishing impact […]
Before your invoice is approved, ensure it goes through the accounting department for review and verification. Additionally, we recommend you check each invoice properly before approving it. If you don’t have a robust bookkeeping team, outsource your accounting and bookkeeping work to a reliable firm that delegates duties and executes controls for you. Enforce robust and consistent review and approval processes across the firm to ensure everyone follows the same rules.
He is the sole author of all the materials on AccountingCoach.com. Fixed assets such as real estate, heavy machinery, furniture, vehicles, etc. All of the above ratios and metrics are covered in detail in CFI’s Financial Analysis Course. This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench ass […]
Calculating your restaurant cost of goods sold might seem like a pain, but it’s an important part of making sure your business is healthy. Cost of Sales is often confused with Cost of Goods Sold —and for good reason. The two metrics measure the same thing, but they’re used by different types of companies. “Tracking Net Sales helps us to address the underlying reason for sales adjustments,” said Daniel Foley, founder and CEO at Daniel Foley SEO. Net Sales is a vital compo […]
The calculation of depreciation expense follows the matching principle, which requires that revenues earned in an accounting period be matched with related expenses. The company can also scrap the equipment for $10,000 at the end of its useful life, which means it has a salvage value of $10,000. Using these variables, the accountant calculates depreciation expense as the difference between the cost of the asset and its salvage value, divided by the useful life of the asset. This results in a to […]
For example, when you take out a business loan, you increase your liabilities account because you’ll need to pay your lender back in the future. You simultaneously increase your cash assets because you have more cash to spend in the present. The journal is a chronological list of each accounting transaction and includes at a minimum the date, the accounts affected, and the amounts to be debited and credited. Another example might be the purchase of a new computer for $1,000. In this examp […]
