Accounting

Explore the interest coverage ratio formula, different variations, and more.

Budgets are goals, forecasts are predictions. Read on for more information.

What are liquid assets in accounting? Get the inside track with our guide.

Find out everything you need to know about the OPEX formula, right here.

Find out how to calculate profit per employee with our simple guide.

Explore the benefits of pro forma financial statements with our simple guide.

Abridged accounts are simplified versions of your business’s full accounts.

Read about accounts payable in a little more depth with GoCardless.

Find out more about what is meant by impairment of assets with our easy guide.

Accruals are expenses/revenue for which cash hasn’t yet changed hands.

The debt service coverage ratio measures your firm’s ability to repay debts.

Explore the advantages and disadvantages of activity-based costing.

Understand how to use trend analysis methods to help your business.

Goodwill arises when a company acquires a business for more than its fair worth

Accrual basis accounting vs. cash basis accounting is all about timing.

Dunning refers to the process of asking customers for money they owe you.

Your nominal ledger contains a record of all your financial transactions.

Companies use several different depreciation methods to calculate depreciation.

Explore the definition of amortization in accounting, right here.

Life cycle costing helps you understand the total cost of a product or asset.

A chart of accounts is a complete listing of your company’s financial accounts.

Deferred revenue refers to payments for goods that haven’t been delivered yet.

Total contract value refers to the total value of a contract, including fees.

Explore the best small business accounting software in the UK, right here.