by Adwatchmedia C12 | Jun 6, 2023 | Bookkeeping
If you can swing it with your lender, one way to get around the problem is to kick the can down the road and turn your current liabilities into long-term debt through refinancing. The more you earn, the more liquid you’ll be, and one of the simplest ways to do that is...
by Adwatchmedia C12 | Jun 5, 2023 | Bookkeeping
In other words, liquidity describes the degree to which an asset can be quickly bought or sold in the market at a price reflecting its intrinsic value. Cash is universally considered the most liquid asset because it can most quickly and easily be converted into other...
by Adwatchmedia C12 | Feb 14, 2023 | Bookkeeping
Pull back on ingredient costs next month and make sure your spending is in line with an expected, conservative sales estimate. Look at the resources your company has, figure out where the gaps are, and help suss out realistic budget numbers based on time and resource...
by Adwatchmedia C12 | Feb 14, 2023 | Bookkeeping
Pull back on ingredient costs next month and make sure your spending is in line with an expected, conservative sales estimate. Look at the resources your company has, figure out where the gaps are, and help suss out realistic budget numbers based on time and resource...
by Adwatchmedia C12 | Dec 10, 2021 | Bookkeeping
Fortunately, accounting software requires each journal entry to post an equal dollar amount of debits and credits. If the totals don’t balance, you’ll get an error message alerting you to correct the journal entry. Now, you see that the number of debit and credit...
by Adwatchmedia C12 | Dec 9, 2021 | Bookkeeping
The debit entry to a contra account has the opposite effect as it would to a normal account. The debit amount recorded by the brokerage in an investor’s account represents the cash cost of the transaction to the investor. Sal records a credit entry...
