by gymleco | Jun 3, 2025 | Bookkeeping
The first mortgage payment is due on the first of the month after you’ve owned the home for 30 days. That payment is in arrears, which makes the mortgage an ordinary annuity. Insurance companies offer various annuity products that can be what is the primary...
by gymleco | Jan 21, 2025 | Bookkeeping
We’ll start with straightforward cash and credit sales and then move on to scenarios involving discounts and returns. A sales journal entry is a bookkeeping record of any sale made to a customer. You use accounting entries to show that your customer paid you money and...
by gymleco | Oct 25, 2024 | Bookkeeping
Total asset turnover measures the efficiency of a company’s use of all of its assets. This would be good because it means the company uses fixed asset bases more efficiently than its competitors. Such efficiency ratios indicate that a business uses fixed assets to...
by gymleco | Mar 18, 2024 | Bookkeeping
Typically, investors like to see 2-3 years of historical financials, if available, to ground Accounting For Architects them on where your business stands today. Any revenue (income) items that we have, from product sales to consulting sales to partner income, will all...
by gymleco | Oct 31, 2023 | Bookkeeping
A lot goes into it—from managing payables and receivables to balancing books. But what might seem like an overwhelming task isn’t so bad when you break it down to the bookkeeping basics. At the beginning of the year, take a look at the list of deductible expenses and...
by gymleco | Jun 21, 2023 | Bookkeeping
From fluctuating income streams to increasing demand for programs, organizations must plan carefully to navigate financial complexities while maximizing impact. Whether you’re managing general operations, launching a new program, or amplifying your marketing efforts,...
