Category Bookkeeping

19 Nov

Perpetual vs Periodic Inventory Systems Compared

In a perpetual inventory system like vendor-managed inventory (VMI) from DXP, this is one of the core VMI benefits. This setup works best for smaller operations or businesses with a manageable amount of inventory. It’s cost-effective but it takes time, and you’ll need to pause other tasks to do it right. Advantages and Disadvantages of […]

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8 Oct

How To Calculate Tips: A Step-by-Step Guide For Dining Out June 2025

Influencer marketing is a form of social media marketing where brands partner with individuals who have established credibility and audience within specific niches. These influencers create content featuring your brand or products, essentially providing a trusted recommendation to their followers. In this lesson, I’ll guide you through the essential social media metrics that matter most […]

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8 Jul

Suspense Account Definition, Types and Examples

Until you actually make the withdrawal from the agent or financial institution, the remittance money may be stored in their suspense account. This allows accountants to continuously monitor and adjust the entries without affecting the integrity of the overall records. Financial reporting is sensitive and can, at times, be the difference between getting that initial […]

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20 May

lessee noun Definition, pictures, pronunciation and usage notes

You could be a lessee for two years if the lease for the car or apartment is 24 months. The length of time that you are a lessee depends on the terms of the lease you sign. The new lease accounting standards impact the financial reporting for both lessees and lessors. Schedule a demo to […]

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15 May

What is Robotic Process Automation RPA & its Key Benefits?

Furthermore, many of these algorithms and focused solutions are being embedded into new versions of existing enterprise systems. This means your decision to choose one technology over another today can hinge on variables other than the algorithm’s or solution’s ability to do its intended job. At Neeyamo, we have a dedicated innovation lab that constantly […]

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7 May

13 6: Journal Entries to Issue Stock Business LibreTexts

The legal capital in this example would then be equal to $ 250,000. In this journal entry, the total expenses on the income statement and the total equity on the balance sheet increase by the same amount. The expense amount in this journal entry is the fair value of the service that the corporation receives in […]

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4 May

Accounts in Accounting Definition & Types Lesson

It’s similar to financial accounting, but this time, it’s reserved for internal use, and financial statements are made more frequently to evaluate and interpret financial performance. An accountant is a professional with a bachelor’s degree who provides financial advice, tax planning and bookkeeping services. They perform various business functions such as the preparation of financial […]

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23 Apr

Accounts in Accounting Definition & Types Lesson

It’s similar to financial accounting, but this time, it’s reserved for internal use, and financial statements are made more frequently to evaluate and interpret financial performance. An accountant is a professional with a bachelor’s degree who provides financial advice, tax planning and bookkeeping services. They perform various business functions such as the preparation of financial […]

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17 Apr

10 Tips for Managing Small Business Finances

If you pay in full each month, consider rewards cards that earn you cash back or other perks. In addition to freeing up cash in an emergency, today’s business cards can provide a wide range of business cash management tools. See what your employees are buying, categorize spending for better budgeting, and use the reporting […]

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18 Dec

How Do the Income Statement and Balance Sheet Differ?

There are several key items that must be included in a profit and loss statement. The first is gross profit, which is the total revenue minus the cost of goods sold. The net profit margin is one of the income statement ratios that measures the percentage of profit a company generates after accounting for all […]

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