What Are the Types of Income Statements and How Are They Calculated
There are two different types of income statement that a company can prepare such as the single-step income statement and the multi-step income statement.| Deskera Blog
There are two different types of income statement that a company can prepare such as the single-step income statement and the multi-step income statement.| Deskera Blog
All accounting entries need to be tagged to general ledger accounts. A chart of accounts (COA) is a list of all such general ledger accounts. It contains details of each individual general ledger account including 'Account Code', 'Account Name', 'Account Type', and 'Account Balance'.| Deskera Blog
The three most widely used methods for inventory valuation are: First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and Weighted Average Cost| Deskera Blog
Salvage value is defined as the book value of the asset once the depreciation has been completely expensed.| Deskera Blog
A depreciation schedule is a table that represents how much an asset’s value has been used up over the years.| Deskera Blog
Liability is usually a sum of money that a person or a company owes. Liabilities can be credit from business events, which are viewed against a company’s assets.| Deskera Blog
Sales coaching is the process of providing guidance, training, and support to sales representatives in order to improve their performance and achieve sales goals. A sales coach works with reps to identify areas for improvement, set goals, and develop strategies for success.| Deskera Blog
A sales kickoff meeting is an annual gathering of a company's sales team and stakeholders, typically held at the start of the year. Its purpose is to align the sales team around the company's goals and strategies, provide training and support, and boost team morale and motivation.| Deskera Blog
Fixed assets are tangible, long-term items not intended for sale as inventory. Shown on the balance sheet, fixed assets lose value over time if depreciated| Deskera Blog
The Financial Statements - Balance Sheet, P&L & Cash Flow Statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential.| Deskera Blog
An intangible asset is a non-physical asset with long-term financial worth for firms. It includes Copyrights, Trademarks, Patents, Licensing, and more.| Deskera Blog
A Balance Sheet offers a snapshot of your company’s financial position at a moment in time. The Balance Sheet helps you answer the questions: - How much does your business own? - How much does your business owe? - How much was invested by your own fund, or shareholders funds?| Deskera Blog
Financial ratios, aka Accounting Ratios, are the values extracted from a company's financial statements, and are used to gauge the health of a company..| Deskera Blog
Let’s find out what owner’s equity really is, and distinguish it from some of the other commonly used terms categorized as owner’s funds in business accounting.| Deskera Blog
