Accounting Articles

Accounting | By Richard Beauchemin @ Monday, 28th August 2006 @ 7:54 PM

So, you've been growing your business regionally and now you're thinking about expanding into the United States or maybe you're an entrepreneur who is not a citizen or resident of the United States and you want to start a business in the United States. You understand that you can gain several advantages by expanding your business outside your region. Benefits such as: - Increasing your sales and profits - Gaining additional market share - Taking advantage of the... more...

Accounting | By Wade Anderson @ Friday, 28th July 2006 @ 5:21 AM

A purchase order is a document, commercial in nature, issued by a purchaser to a seller, informing the latter about what type, quantities and price of products and/or services that are agreed for purchase by the buyer from the seller. When the buyer sends a purchase order to the seller, it makes for a legal offer for purchasing goods or services. When the supplier accepts the form, a contract between the buyer and seller comes into existence. A Purchase Order has the following contents: 1... more...

Accounting | By Wade Anderson @ Friday, 28th July 2006 @ 5:09 AM

Pro forma financial statements are a process of formally displaying financial projections for a given period of time and in a consistent layout. The word pro forma is derived from the Latin term which means "as a matter of form". Most businesses make use of pro forma financial statements in the executive process for planning and control as well as for reportage to owners, investors, and creditors. A pro forma financial statement is utilized as the foundation stone while comparing and ana... more...

Accounting | By Wade Anderson @ Wednesday, 26th July 2006 @ 4:39 PM

A Balance Sheet is a financial document prepared by a business, organization or individual at the end of a fiscal year or other period, which depicts the assets, liabilities and shareholder equity of the company. Based on the double entry bookkeeping system, the balance sheet helps assess the net worth of the company at a given point of time e.g. end of fiscal year or some other arbitrary time. The net worth is arrived at by finding the difference between all the assets owned and liabilities inc... more...

Accounting | By Wade Anderson @ Wednesday, 26th July 2006 @ 12:41 PM

An accounting audit report gives the complete financial perspective of a company, and is prepared at the end of the financial year. This document is of use to all who want an exact picture of the functioning of the company. The aim of this document is to provide insights into the functioning as well as profitability and viability of the company as a commercial enterprise. The benefit to those who study this report is that they get the real picture from studying all the information that it holds,... more...

Accounting | By Wade Anderson @ Tuesday, 4th July 2006 @ 12:22 PM

The Capitalization Table provides investors with a bird’s eye view of the sum total of all the different securities issued by a company. It includes the amount of investment that the company has procured from investors and the distribution of securities which might include common/preferred shares, options, warranties etc. and the individual capitalization ratios. The driving force behind an investment in a company is its expected return on investment, which should be profitable as well a... more...

Accounting | By John Morris @ Saturday, 18th February 2006 @ 6:53 PM

With so many bad things happening in our society today, it is important to obtain safety measure needed to protect our lives, our business, or simply the things we own. That is why a lot of people are finding asset protection as vital in one’s economic growth and stability. - Asset protection shields your assets - Protect your possessions against credit claims - Easily dismiss complaints - Crucial in company security 1. A Good Investment For example, when an individ... more...

Accounting | By frank vanderlugt @ Tuesday, 7th February 2006 @ 10:07 PM

Accounting software can fulfil many important office functions and save a lot of time on business routines. Modern office systems have the ability to do job costing, invoicing, accounting, manufacture reports, handle a customer database, and do targeted marketing. Because not all businesses have the same needs, be sure that the business software has the functions you specifically need before making a large investment. Job Costing When a customer requests a bid on a job, they req... more...

Accounting | By James Monahan @ Saturday, 28th January 2006 @ 4:35 PM

In business management, inventories are lists of the goods and material a company has available in stock. If a business does not have an inventory, it cannot be truly considered as a business. Inventories provide a business with a comprehensive view of the properties it owns. In the broadest sense, inventories deal with the stock level of items it has for sale. But inventories also deal with the properties a business has that are not for sale. These properties include office equip... more...

Accounting | By Jeff Dragt @ Thursday, 26th January 2006 @ 1:29 AM

Many Americans are in debt, in fact most of them are to varying degrees. And, most want to get out of debt and choose debt consolidation programs as one option to help them reduce their monthly payment and get back on the path to debt repayment. However, despite the fact that many people really do want to consolidate their debt properly they end up going about it in the wrong way and unfortunately end up with worse credit and debt problems than when they started. So, if you are in debt and want ... more...

Accounting | By James Hunt @ Wednesday, 25th January 2006 @ 6:58 AM

When one opens a checking account, inevitably the sales pitch to order checks through the back is given. Many banks offer a special price on the first book, only to charge more for subsequent orders of personal checks. However, there are ways to avoid overpaying when you order checks. Upon initially opening a checking account, it isn’t a bad idea to order personal checks through the bank. This ensures that all of the information is correct, and if a mistake is made, it is easier for the b... more...

Accounting | By Peter Lenkefi @ Wednesday, 25th January 2006 @ 4:15 AM

When learning accounting for the first time, the terms ‘debit’ and ‘credit’ can be a bit confusing. Why? Because when you go to the bank and deposit money, the teller will tell you, “I am crediting your account X amount of dollars,” but if you are taking money our of your account, the teller will tell you, “I am debiting your account X amount of dollars.” Also, with debit machines all over the place, and credit cards in everyone’s pocket, the two accounting terms take on a whole new meaning. ... more...

Accounting | By Peter Lenkefi @ Tuesday, 24th January 2006 @ 8:47 PM

This article is a concise, informative tell-all explaining what exactly a credit report is, and what that means to you. It will NOT inform you where to get a cheap, or free, credit report. Rather, this article will explain what types of credit reports are available, and why they are used. A credit report is a retelling of your credit payment history. It can be provided to companies by one of the four credit bureaus in the U.S. as designated by law. Usually, this information is only shared... more...

Accounting | By Jeff Dragt @

Many individuals are experiencing difficulties meeting their financial obligations from month to month and the monthly payments are overwhelming and creating unnecessary stress and frustration. However, it is imperative that you find a way to meet your monthly obligations in order to maintain a positive credit rating and eliminate problems with credit collectors and losing your good credit standing. Of course, when you find yourself in this situation you have several options from managing your d... more...

Accounting | By James Hunt @

There are so many different types of accounting software on the market today that you’ll need to know exactly what it is that you’re looking for before you make your final decision. There is accounting software available for all business purposes. You can buy a software package that does one thing for your business or you can purchase a software bundle that has more features and functionality. Take some time to break down your accounting needs. Do you just want to use the software for your i... more...