Other Business Management

Any kind of business, big or small has a status of its financial condition. This financial condition is summarized in a piece of paper called the Balance Sheet. Simply put, it is an organized...

The accounts receivable value is not always the exact number that shows up on the balance sheet. This article will explain how to assign a value to this asset.

It is commonly believed that double-entry accounting was created by merchants during medieval times, but the first known document explaining the theory of double-entry accounting was written in...

A bookkeeping ledger is an accounting tool used to create a record of an organization's or individual's cash flow. It can be fairly simple or complex, depending on the amount of data tracked and...

Business accounting procedures are collectively known as the accounting cycle. The accounting cycle begins with collection of raw transaction data, which are then sorted and organized by type. The...

In accounting, a balance sheet lists a company's assets (what it owns or has rights to), liabilities (what it owes to others) and equity (the net worth). A classified balance sheet segregates or...

Balance sheets provide a snapshot of a company's financial condition at a specific moment. Balance sheets follow a common format and include a company's assets, liabilities and owners' equity or...

A balance sheet, or statement of financial position, is an accounting tool used to get a picture of where company stands at a certain point in time. The balance sheet is one of the financial...

Factoring is a way for companies to both manage receivables and working capital. The transaction also allows for less variability in cash flows, which is always a good idea when trying to manage...

When analyzing financial statements, the simplest form of data is the easiest conveyed. The common size balance sheet is a simple view of a balance that allows for easy comparison with competitors...

Financial statements are critical in determining the financial health of a company. The balance sheet is where you will find information about a company's assets held and liabilities owed. A...

Analyzing balance sheets is an integral part of financial analysis for businesses. Financial analysis helps businesses determine where their financial position stands and also compares it to their...

A business balance sheet is one of the two critical financial statements of every company. While the income statement displays how successful the company is at making a profit, the balance sheet...

If your checking account doesn't balance, it means that your check ledgers and your bank statement don't agree on how much money should be in the account. While banks may occasionally be in error,...

Time is the one thing we can not get back once it is gone. We often wish we had more time. Short of adding more time to our life we can get more done with the time we have. See how we can...

Accounting and bookkeeping principles are an integral part of the financial management side of any successful business. Business owners may adopt an accounting cycle that allows them to record...

Classified balance sheets are used in accounting practices to list assets, liabilities and stockholder equity by breaking them down into specific categories. This classified format makes it easier...

Using Excel to reconcile your checkbook is simple and quick. Once the formulas are set up, you simply enter your deposits and debits and the formulas do the rest. Inserting additional sheets in...

The consolidated balance sheet represents a parent company and the subsidiaries it controls. Before creating a single statement for a large corporate conglomerate, duplicate accounts must be...

Ever wonder how long it would take to pay a loan? An amortization table shows you a loan payment at a glance, what your monthly payment is and what it's applied to. You could also use this table...

Long term debt is defined as debt that matures in a period longer than one year from the date of the balance sheet. Generally accepted accounting principles (GAAP) requires the presentation of...

Off-balance-sheet financing is jwhat the name implies. This accounting technique removes an item from the balance sheet so that it doesn't affect the debt ratio in a negative way. While it's a...

A balance sheet is a snapshot of the assets a company owns, the debts it owes, and how much it is worth. It is one of the tools management, lenders and investors use to assess a company's overall...

Using balance sheet equations properly is an extremely important factor when running a business. A balance sheet is basically a report card that lending institutions, stockholders and others use...

Optimizing the structure and reporting of accounts using balance sheets is a task typically undertaken by financial managers and management accountants. Balance sheet management-accounting...

Balance sheets provide a breakdown of assets, liabilities and owner's equity so that stakeholders, investors and members of the management team can obtain an overview of each account at the end of...

The total expense ratio is a ratio that is used to describe the management costs associated with an investment fund. This ratio is important to calculate as it will help investors and the fund's...

Classified Balance Sheets are one of the major financial statements standard to the business world. They are a great way to see current assets and expenses--basically take a financial temperature...

In order to understand and determine the financial health of an organization, it is a good idea to analyze the balance sheet. A few simple calculations can provide insight into the firm's...

A company's accounting balance sheet clearly outlines the company's assets and liabilities for the most recent accounting cycle. These values are important for assessing business performance,...

Learn to mark liquid assets on a balance sheet. Develop an eye for liquid assets, and easily scan a balance sheet to determine profitability in any company. Readily present your company's assets...

The cost of goods purchased is a valuable calculation for retail businesses and companies that acquire large amounts of inventory on a regular basis. The COGP calculation can determine whether a...

The accounting cycle is the process of entering records and transactions into the appropriate accounts and closing the accounts in the journal each accounting period. After all entries are posted...

A Balance Sheet is a document that businesses prepare to show the status of their financial health. Some accountants refer to a balance sheet as a “Statement of Financial Position”...

A church must prepare financial statements to report its financial condition just like any for-profit business. Typical church financial statements are a Statement of Income and Expenses, a...

Companies use three main financial statements. Income statements show the profitability of a company over a period of time. Balance sheets show how much money the company owns and owes at a...

Tracking your assets and liabilities is one of the most important business management skills to develop. The first step in tracking these things is to classify your assets and liabilities...

Accountants define the trial balance as a tool to expose any error in account balances. It is an important part of the accounting cycle used to make sure all entries in the company accounts are...

The balance sheet tells what the business or person owns/ owes for a particular moment in time. It is the only one of four financial forms that shows the financial condition of a company or person...

There are three kinds of financial statements covered in this article: balance sheet, income statement and cash flow statement. Learn to report where you get your income and how it is spent. After...

When a portion of the company’s profits are paid out to shareholders, it is termed a dividend. Dividends used to be the main purpose for investors to purchase company stock. Investors had...

An interest only mortgage means that you have the option of only making the interest payment each month on a mortgage loan and nothing towards the principal balance. This type of program has a...

Reconciling your bank balance should be done every month. Some people do not do this and find out that their checking or savings account is incorrect sometime in the future, when the problem will...

A balance sheet allows you to see at a glance what your company's assets and liabilities are. The balance sheet is basically a summary of what you own and what you owe. Assets, liabilities and...

Learn how to organize income and assets in this free video. Get financial planning tips and money investment advice whether you're unemployed, self-employed, or have multiple jobs.

In order to better understand the financial state of your business and to assist you in making secure decisions, you should learn how to balance your business assets. A balance sheet is necessary...