Business Management

Balancing your bank statement each month will help you stay on budget. Track and manage each of your accounts' transaction history and balances, your debit card transactions or purchases.

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...

A general ledger holds all the information about a company's transactions including checks and customer receipts. Your bank will create a record of these transactions as it processes documents...

A balance sheet is a financial statement that lists a business' assets, liabilities, and equity. Financial statements can be analyzed either vertically or horizontally. Horizontal analysis is...

When you have a credit card with a "0% APR," it means your annual percentage rate is zero, and you can save quite a bit of money by moving a high-interest balance to a card that doesn't charge...

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.

Assets lose value over time due to wear, tear and use, which is called depreciation. Companies use different methods to compute depreciation, which allows them to show the true book value of an...

Weighted average cost of capital (WACC) is a calculation of a company's cost of capital, or the minimum that a company must earn to satisfy all debts and support all assets. The calculation...

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...

The nine steps of an accounting cycle are divided into two parts. The first four steps are followed throughout the accounting cycle. The last five steps create results for the cycle after each...

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...

Good accounting practices require strict attention to the finances of a business, and one good tool is an accurate balance sheet. A balance sheet is a snapshot of the value of a company, and...

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...

When a business seeks outside capital for major projects, this transaction will result in a liability being reported on the company's balance sheet. In order to maintain a solid balance sheet to...

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...

A balance sheet is one of the major financial statements required by GAP, and the primary categories include assets, liabilities, the shareholder's equity and all related components. Learn about...

The percentage of sales method is a system a company can use to anticipate changes in its balance sheet and income statement during the next time period it would like to review. Significant...

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...

A balance sheet is a document that details a company's assets and liabilities. An asset is property the company owns or any amount of cash resources the business may possess. The liabilities are...

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...

The function of a balance sheet is to inform the company owners, investors and creditors of the assets, liabilities and owner's equity at a specific point in time. Understand the function of a...

The requirements of a balance sheet are to follow a formula that illustrates the assets equaling the liabilities and the owner's equity. Outline the assets, liabilities and equity to create a...

Leasing effects a firm's balance sheet by either being recorded as an asset if the lease will result in ownership, or it should be recorded as an expense. Understand how to record leased items in...

The main elements of a balance sheet are the assets owned by the company, the liabilities owed by the company and the owner's equity the company has invested. Include all three elements in a...

Recording an accrued bond interest expense on a balance sheet is done differently whether the bond was purchased at face value, less than face value or at a premium. Understand how to record...

When making a balance sheet, be sure to include the assets, that which the company owns; the liabilities, that which the company owes; and the equities, that which the company invested. Create a...

Finding a balance sheet tutor can involve searching for online tutorials, going through a tax accountant or accounting firm, finding textbooks on the subject or finding courses at the local...

To find a company's balance sheet, simply search in the Education Department General Administrative Regulation database, where companies are required to file quarterly and annual financial...

When creating a balance sheet for a professional medical corporation, include records of the assets, liabilities and owner's equity, as well as assets centered around the property, plants and...

A balance sheet for agriculture products is similar to any other small business, but categories such as grown animals, feed and other equipment should be added. Create an agricultural balance...

Adjusting a trial balance into a classified balance sheet involves dividing out the balance sheet to show both the current and long-term debt and assets held by the company. Follow steps to adjust...

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...

A balance sheet is a financial statement showing a company's assets, liabilities and shareholder equity at a particular date in time. When a company is considering a major change, such as an...

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...

Along with the income statement (also called a profit-and-loss statement), a balance sheet is a critical component of the public status of all companies. All hard assets, liabilities and equity...

EFN stands for external financing needed. It is the difference between assets and liabilities, and is often referred to as the "plug" figure that makes the balance sheet balance. A balance sheet...

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...

Filling out a check or spending the money is the easy part of a checking account. Keeping tracking of it in your register is the important and often the forgotten one. A check register is only as...

A comparative balance sheet is designed to show financial differences between several accounting periods. A balance sheet is a detailed account of everything lost and gained financially during a...