Business Accounting Blog

The efficiency of the cost management system of the enterprise influences the efficiency of the entire management system of the company and its competitiveness in the market. Currently, the standard costing management system has been used by some com…

If the purchase is made at a brick-and-mortar store, funds go to the state of the physical location of the outlet. If the goods are ordered online, then the money will go to the state in which the person receives the package. The good news is that sa…

As you know, vertical means up and down. The vertical analysis compares all items up and down in a column. In other words, it compares each item with the base value, which is presented as 100%. Accordingly, the sum of all items as a percentage is als…

A company’s capitalization policy greatly affects what is considered a fixed asset. For example, if you buy a stapler that costs $20, it is not considered to be a fixed asset. However, your company can set a rule that everything that costs over $2,00…

With 1800 Accountant, enterprises acquire the opportunity to receive qualified consultations and support from experienced specialists. The knowledge and experience of its specialists allow this company to provide accounting and other services with hi…

From the economic point of view, working capital is a set of assets that transfer their value to finished products immediately, in one cycle, and not gradually, like fixed assets (buildings, equipment). Working capital is turned over at least once du…

An entrepreneur always has tasks more important than reporting. You need to sign a new contract, negotiate with a supplier or go to production. Therefore, reporting is often carried out on case-to-case basis, expenses and revenues are forgotten, indi…

Retained earnings (RE) is a monetary indicator of income that remains with a firm (company, enterprise, organization) after all obligations, including tax liabilities to the government, have been paid and after the distribution of dividends among the…

Reports are used for the management of the activities of organizations, its data is necessary for the analysis of production and financial activities. With its help, the reasons for deviations from the specified parameters are revealed, so appropriat…

Any company starts its activities to generate income. The company’s shareholders expect to have profits coming in from their investments. Retained earnings that a user will usually see on the Balance sheet are the remaining income after all debts to …