Category Archives: Bookkeeping

Payback Period Reference Library Business

Management will set an acceptable payback period for individual investments based on whether the management...

Equity Accounting Method: What It Is, Plus Investor Influence

Also, the initial investment amount in the company is recorded as an asset on the investing...

Comprehensive Income in Financial Reporting

Investors and creditors still want to know how these other items affect the equity accounts...

Opportunity Cost: What Is It and How to Calculate It

Any effort to predict opportunity cost must rely heavily on estimates and assumptions. There’s no...

Payroll journal entries

Understanding how payroll accounting functions for small business owners can take time. You can make...

Income Statement Explained: Examples, Format

Gross Profit Gross profit is calculated by subtracting Cost of Goods Sold (or Cost of...

Is Accounts Payable Credit or Debit? How To Record, Examples

Ledger accounts need to be updated based on the received bills and an expense entry...