Accounting Articles

Managerial Accounting Vs Financial Accounting

When compiling information and creating reports, managerial accounting doesn’t have to comply with any local, state, or federal standards. This is because the information is typically kept in-house and is not meant for public consumption.Once a... Read more

Best Expense Tracker Apps Of 2021

Directly add employees to your application, or import them from your CRM system. Classify them further as submitters or approvers, map them to their corresponding managers, and add your company's expense policies. Get in the practice of reviewing you... Read more

Depreciation Of Assets

The cost of a building that is acquired but immediately removed to prepare the land for construction of a new building is treated as part of the cost of the land rather than as part of the cost of the new. Read more

Doubtful Accounts And Bad Debt Expenses

They might accept this reality, for instance, when the customer goes out of business or declares bankruptcy. Using the allowance for doubtful accounts enables you to create financial statements that offer a more accurate representation of your busine... Read more

Cash Flow Statement

The balance sheet is one of the three fundamental financial statements. The financial statements are key to both financial modeling and accounting.Cash and cash equivalents include currency, petty cash, bank accounts, and other highly liquid, short-t... Read more