Accounting

An internal audit could keep your business on track. Here’s how

Reserves are profits that have been set aside for a specific purpose

Operating leverage reveals what percentage of your total costs are fixed

See our consolidated financial statement definition

Aging reports for accounts receivable can help improve your financial health

Interim reports are financial statements for periods of less than one year.

The accounting cycle is something every business needs to know.

LIFO assumes that the last item of inventory purchased will be the first sold

Income statements are one of the most important financial documents

Learn how to work out absorption costing with our definitive guide

Accrued liabilities are expenses you’ve incurred but haven’t been billed for

Improve your company’s customer billing process with five simple steps

Adjusting entries let you adjust revenues and expenses to the correct period

Learn how to do bank reconciliation, step by step, with our handy guide

Learn how to design payment flows for Strong Customer Authentication (SCA)

Financial audits provide an objective evaluation of your financial position

Onerous contracts are contracts that cost more to fulfil than you’ll get back

Get the lowdown on frequency distribution tables and graphs, right here

EAC is the annual cost of owning and operating an asset over its lifespan.

Explore the dividend payout ratio formula in further depth, right here

Get a little more information on interest coverage ratio calculations

Budget deficits occur when the government’s spending outstrips its revenue

Get the lowdown on LCR with our liquidity coverage ratio summary.

Revenue recognition helps to identify at what point “cash” becomes “revenue.”