On the 2nd of next month, company has to pay the interest to the bank. Welcome to AccountingFounder.com, your go-to source for accounting and financial tips. Our mission is to…
Direct materials are the only actual variable cost when using throughput costing, with all other expenses treated as period costs and allocated to the appropriate periods. It is essential to…
In other words, revenue, expense, and withdrawal accounts always have a zero balance at the start of the year because they are always closed at the end of the previous…
Whenever a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money in…
The American Express® Business Gold Card has payment terms of up to 54 days, which can come in useful in helping your business to maintain steady cash flow throughout dips…
You don’t want to be judging yourself on a metric you set yourself—especially when it’s one that’s meant to help you improve your business. In other words, Sally’s start up…