8 Fundamental Principles of Financial Accounting

ContentQuestions About Accounting TermsCost of Goods SoldBusiness Line of Credit: Compare the Best OptionsWhen were accounting principles first set forth?Matching Principle:Going Concern Principle:What is the Materiality Concept? That is not due to an overestimation...

Real Estate Accounting Made Easy in 5 Steps

ContentBest practices for managing your real estate financesTax StrategyReal Estate Bookkeeping SolutionsWe Work With All Major Real Estate Bookkeeping SoftwareMore in Real Estate BusinessSimplify Your Real Estate Bookkeeping In finance and accounting, bookkeeping is...

What Is a T-Account for Small Business?

ContentT-Accounts and their role in accounting systemsT- Account RecordingWhat are T Accounts?5: Use Journal Entries to Record Transactions and Post to T-AccountsJournal Entry 1Accounting Principles I The most common reason for balance sheet discrepancies is a ledger...

How to Calculate the Overhead Rate

ContentMore Resources on Small Business AccountingWhat is your current financial priority?How to Calculate Overhead Rate per EmployeeWhat are some common methods of factory overhead absorption?Relevance and Uses of Predetermined Overhead Rate FormulaHow to calculate...