Accounting

Here for every entry to an account, you are supposed to create both opposite and corresponding entries to a different account. However, it does not comply with the Generally Accepted Accounting Principles . Because of GAAP’s standards, you might need to adjust some transactions to remain compliant (e.g., convert cash-basis transactions to accrual). Learn accounting fundamentals and how to read financial statements with CFI’s free online accounting classes.

A short-term item, such a […]

Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement. Cash flow is the net amount of cash and cash equivalents being transferred into and out of a business.

What does EBITDA stand for?

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. EBITDA margins provide investors a snapshot of short-term operational efficiency.

Underlying profit is designed to offer a more useful indicator of performance on a year-by-year […]

Tobacco retailer means any Person who sells, offers for sale, or does or offers to exchange for any form of consideration, tobacco, Tobacco Products or Tobacco Paraphernalia. This definition is without regard to the quantity of Tobacco Products or Tobacco Paraphernalia sold, offered for sale, exchanged, or offered for exchange. Support Services means Support Services provided by GroundSure including, without limitation, interpreting third party and in-house environmental data, providing environ […]

Highlight the company’s expenses in the next part of your calculations. Expenses are the cost of operations that are subtracted from revenue. Based on this information, we decide to accept the project only when the total incremental cash flow is positive. Incremental cash flow and total cash flow both deal with a business’ or project’s cash flow.

If one business investment or activity provides a higher cash flow incrementally compared to another, it should be the project to f […]

Gross income refers to the total earnings a person receives before paying for taxes and other deductions. The amount that remains after taxes are deducted is called net income. When looking at a pay stub, net income is what’s shown after taxes and deductions. Net income is always lower than gross income unless the person is exempt from paying taxes and has no deductions. For example, if you’re paid an annual salary of $75,000 per year, the formula shows that your gross income per mo […]

Nicole Dwyer is Chief Product Officer for YayPay, bringing more than 10 years’ experience in accounts payable and receivable technology to ensure YayPay continues to meet the needs of its customers. Residing in New Hampshire with her husband, daughter, and son, they spend their time outdoors and creating new adventures. The customer has derived the benefits from the product or service, and they still haven’t paid you. What’s worse, the customer might have forgotten about the b […]