Entries by cmsadmin

Inventory Turnover Ratio: Definition, How to Calculate

First in, first out (FIFO), last in, first out (LIFO) or another type of inventory costing method. Our mission is to empower readers with the most factual and reliable financial information possible to help them make informed decisions for their individual needs. JIT systems focus on minimizing inventory by receiving goods only when needed in […]

5 Ways to Make Work Friends When Working Remotely

Content Help! How Do I Make Friends When My Coworkers Are Behind a Screen? Company Best Covid-19 Travel Insurance Plans Visit your local farmer’s market. Find or start a pot luck dinner group. Join social groups or clubs that interest you. Being the new person in the office is a license to get to know […]

How to Calculate Credit and Debit Balances in a General Ledger

An adjusted debit balance is the amount of money in a margin account that is owed to the brokerage firm, minus profits on short sales and balances in a special memorandum account (SMA). The debit balance in a margin account is the amount of money a brokerage customer owes their broker for funds they’ve borrowed […]

How to Buy API3 API3 What Is API3?

Visit eToro and click on the ‘Start Investing’ visible in the middle of the home page. This will redirect the investor to a registration page where they must enter a username, email address, and a strong password. This structure adds value to the tokens beyond a simple monetary specification. It means holders of API3 tokens […]

What Is a Suspense Account? How It Works, Types, and Example

If you don’t know who made the payment, look at your outstanding customer invoices and find which one matches the payment amount. Contact the customer to verify that it’s their payment and the right invoice. A general ledger is where a business records its assets and liabilities on an ongoing basis, broken into separate categories […]

Gross Profit Margin vs Net Profit Margin: What’s the Difference?

These cost savings might be in the form of reduced energy consumption, less material wastage, or improved employee productivity due to better working conditions. All these factors contribute to lower operating costs, which, in turn, can increase the gross profit margin. When a business’s sales increase, all else being equal, the gross profit will naturally […]

QuickBooks Online vs QuickBooks Desktop 2023

Through mobile accounting on QuickBooks online, you can access QuickBooks from your smartphone, tablet, or laptop making it quite convenient for business owners that travel around. QuickBooks helps you bring your books up to date, categorize transactions, and reconcile accounts. Close the books at the end of the financial year and run detailed reports to […]

An HOA Accounting Guide For HOA Board Members HOAM

Content By accessing and using this page you Modified Accrual Basis of Accounting I’m Ready to Hand Off my HOA Accounting to Community Financials – Where Do I Start? Who Should Prepare HOA Accounting Reports? HOA and Condo Community Financial Reporting Accounts Payable Report How Revenues and Expenses are Recorded With so much money going […]