Categoría: Bookkeeping

5 Best Accounting Software Solutions for Trucking Companies

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Accounting Errors and Corrections

This can be done using thorough bookkeeping audits and using proper checks and balances to prevent such errors. To find these types of errors, you should carefully check all amounts in the trial balance against the ledger account balances. Say you recorded a client check for $560 in your accounting software, but the actual check […]

The difference between contribution margin and gross margin

While contribution margins only count the variable costs, the gross profit margin includes all of the costs that a company incurs in order to make sales. Specifically, contribution margin is used to review the variable costs included in the production cost of an individual item. It is a per-item profit metric, whereas gross margin is […]

Double-entry bookkeeping Wikipedia

This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals. A second popular mnemonic is DEA-LER, where DEA the difference between a cash flow forecast and a cash flow statement represents Dividend, Expenses, […]

Accrued Expense vs Accrued Interest

Interest payable is the amount of interest the company has incurred but has not yet paid as of the date of the balance sheet. Interest Payable is also the title of the current liability account that is used to record and report this amount. Suppose, you rent a local shop that sells apples & you […]

Can Variance Be Negative?

As I understand it, this roughly translates to it being like a non-negative number. When you multiply by it, you will get zero or something with the same sign. Here is a link to a brief explanation of positive semi definite and positive definite that I found useful. As pointed out by other users here […]