Substance Over Form Principle in Financial Practices

da | Mar 25, 2024

In this instance, the company itself will be called the ‘lessee’ and the other party leasing its building to them as the ‘lessor’. This is because although the building is legally owned by the lessor, the estate agency controls the building and derives maximum...

Statement of Comprehensive Income Format, Examples

da | Feb 21, 2024

It is calculated by subtracting the cost of goods sold, operating expenses, interest, and taxes from total revenue. This figure is widely reported in the financial press and closely monitored by stakeholders as it directly impacts the earnings per share (EPS), a key...

Undeposited Funds in QuickBooks: How to Clear Them

da | Nov 14, 2023

Once verified, the payments should be deposited into the appropriate bank account, and the transactions should be reconciled to reflect the accurate financial status. Getting rid of undeposited funds in QuickBooks involves a meticulous process of clearing and...

Comparing Retail and Cost Accounting Methods

da | Set 29, 2023

Keep track of your stock, purchases and sales with our handy inventory spreadsheet. While retail accounting isn’t a separate discipline of accounting, the difference is that there’s a greater focus on inventory, which we’ll explain in this guide. Synder bookkeeping...

The Significance of Construction Bookkeeping for

da | Apr 28, 2023

Note down all the information from your receipts and invoices in case you ever need it. According to the Construction Financial Management Association, pre-tax net profits average between just 1.4% and 3.5% for contractors and subcontractors. You need to record both...

Internal Rate of Return IRR: Formula and Examples

da | Mar 21, 2023

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