Category: Bookkeeping

Yardipedia offers a wide range of free training materials that cover various aspects of the software. Whether you’re looking to learn about specific modules within Yardi or want to explore advanced features like budgeting and forecasting, Yardipedia has a wealth of information available at your fingertips. One popular YouTube channel for Yardi training is “Yardiversity.”…

We may earn a commission when you click on a link or make a purchase through the links on our site. Regardless of its weak financial standing, the National Company is still considered a going concern. The laws that bind corporations in all countries state that a company is presumed to have an uninterrupted existence…

QuickBooks Online has four pricing plans ranging from $35/month to $235/month. The more expensive QuickBooks plans include additional features and users. While Xero’s entry-level plan seems like the better deal when compared to QuickBooks, limitations on invoices and bills make it suitable for very small businesses or freelancers. Xero also doesn’t have some built-in features…

The accounting guideline that allows the accountant to divide up the complex, ongoing activities of a business into periods of a year, quarter, month, week, etc. The precise time period covered is included in the heading of the income statement, statement of cash flows, and the statement of stockholders’ equity. The income statement tells interested…

A company remains a going concern when the sale of assets does not impair its ability to continue operation, such as the closure of a small branch office that reassigns the employees to other departments within the company. Going concern is an accounting term for a company that has the resources needed to continue operating indefinitely…

QuickBooks Premier is ideal for small businesses looking for industry-specific features. You can purchase QuickBooks Premier Plus or have access to built-in payroll with QuickBooks Premier Plus + Payroll. Your annual subscription to either plan includes automated data recovery and backups, unlimited customer support, and automatic updates. QuickBooks Online Simple Start Pricing Whether you use…

Other assets encompass a broad category of non-current and non-liquid assets not explicitly classified elsewhere, contributing to an entity’s overall asset liquidity profile. Goodwill represents the premium paid for acquiring a business above its tangible assets’ fair value and is considered an intangible asset with potential liquidity implications in financial analysis. Accounts receivable represent amounts…

Apple Inc. (AAPL) is a company that aggressively bought back its own shares from 2012 to 2020. Every quarter over that time frame, AAPL bought roughly $10 billion worth of its own stock. Be sure to see if the shares have the word “canceled” imprinted on them, often with holes punched through the certificate. If so, the…

Single-entry accounting is simple and goes hand-in-hand with cash-basis accounting. It only records a single entry for each transaction, like a chequebook. It records where cash is going, as well as where it’s coming from. Step 6: Adjusting Journal Entries Temporary or nominal accounts, i.e. income statement accounts, are closed to prepare the system for…

Start by listing all your active contracts that still have revenue to be recognized, along with the annual contract value (ACV) of each. Frankly, there isn’t a one-size-fits-all revenue backlog calculation or formula. Generally, you calculate the revenue backlog for each ongoing contract by subtracting the recognized revenue from the total contract value. Although revenue…