Bookkeeping | Considera

Agile scaling frameworks why do they exist and which are there?

As always though, we tend to focus too much on specific practices, methods, tools, and frameworks. Whatever makes your teams deliver in smaller increments is good. You can achieve all of this with or without an agile scaling framework. My guess is that the typical...

Petty Cash Accounting: Journal Entries & Reconciling Accounts

por CONSIDERA | Bookkeeping

Nonetheless, the accounting for both items is similar since they involve spending or receiving money. However, most companies have transferred these transactions to their banks. However, companies still need cash at hand to handle various transactions. Journal entry...

What is the Accounting Equation? Basic & Expanded Formula Explained

por CONSIDERA | Bookkeeping

This transaction affects both sides of the accounting equation; both the left and right sides of the equation increase by +$250. Short-term debt is usually classified as a debt that is to be paid in under a year. The companies usually borrow for the short term to...

Nonprofit accounting best practices guide

por CONSIDERA | Bookkeeping

Nonprofit accounting is a unique process of planning, recording, and reporting the financial activities of a nonprofit organization. The goal is to create an accurate and comprehensive record of all transactions that can be used for both internal and external...

What is a Nominal Account? Meaning, Rule, Examples

por CONSIDERA | Bookkeeping

Proper management of nominal accounts involves regular monitoring, accurate recording of transactions, and timely closing of accounts at the end of each accounting period. Closing entries are prepared to transfer the balances of nominal accounts to a temporary account...

Inventory Turnover Ratio Formula, Meaning & Examples Explained

por CONSIDERA | Bookkeeping

For example, a jewelry store won’t cycle through its inventory as quickly as a supermarket. You need to compare your ratio to your industry competitors to know whether it’s good. The Inventory Turnover Ratio serves as a financial indicator, that measures...

Artículos de Bookkeeping

Agile scaling frameworks why do they exist and which are there?

Petty Cash Accounting: Journal Entries & Reconciling Accounts

What is the Accounting Equation? Basic & Expanded Formula Explained

Nonprofit accounting best practices guide

What is a Nominal Account? Meaning, Rule, Examples

Inventory Turnover Ratio Formula, Meaning & Examples Explained

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