Free, Downloadable Accounts Receivable Aging Report - Excel Format
This article features a sample of an accounts receivable aging report in Excel format, as a useful tool for expediting report preparations. Readers …
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Learning How to Reconcile the Accounts Payable GL Balance vs. Subsidiary Ledgers
The importance of knowing how to reconcile accounts payable general ledger balance vs. accounts payable subsidiary ledgers gives emphasis on …
Continue ReadingWhat Is Accrued Revenue? Understanding the Term and its Significance
Accrual is a term used in accounting when revenue and expenses are recognized before they have been realized. So what is accrued revenue? Read on to …
Continue ReadingExamples of Implicit Cost That Will Help You to Manage Company Funds
Implicit cost is the returns from the best alternative investment for the resource committed to a project. Failure to consider implicit costs can …
Continue ReadingReal-World Examples of Explicit Cost: Both Recurring and One-Time Costs
Explicit costs or direct costs are costs that are clearly defined and identifiable, and involve a tangible cash outflow. Such costs usually occur when …
Continue ReadingComponents of Contributed Capital: Explanation & Examples of Business Owner's Actual Contribution
In a corporation, the components of contributed capital include the legal capital and other related collections to the stock issued, like the share …
Continue ReadingAccounts Payable Ledger Template in Excel Format: Free Download
Any business that charges on account from vendors needs to keep accurate accounting of their accounts payables. Here, you’ll find an Excel template …
Continue ReadingWhat Are the Misconceptions About Adjusting Entries: Find Out Here
You may think you know all about adjusting journal entries—even when to make them. What are some of the misconceptions about adjusting entries, and …
Continue ReadingCalculate Average Accounts Receivable: A Component in the Evaluation of Accounts Receivable
“Calculate average accounts receivable! That is very easy, Miss Dannison. I just wonder why you need this for our portfolio. Know anything …
Continue ReadingWhat Is an Accrued Expense: Examples and Calculations
What is an Accrued Expense? “The financial statements are almost finished, Sir,” declares Miss Ballesteros, the secretary. “But there are some accrued …
Continue ReadingWhat Is Net Profit and How Is It Calculated?
Net profit is an important figure in the eyes of business managers, stakeholders, and financial analysts. Find out what it is and how it’s …
Continue ReadingAccounts Payable Process: A Computerized Base for Various Disbursement Transactions
How does the accounts payable process work? Miss Moore tells of an old theft. “Against accounts payable, Miss Moore?” asks Mr. Smith, …
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