Journal Entry for Sales and Purchase of Goods

by | Nov 8, 2023 | Bookkeeping

Understanding how discounts affect the overall revenue recorded is crucial for sound financial analysis. Even without a statewide sales tax, maintaining accurate sales revenue journal entries is essential. These records form the foundation of your financial reporting,...

Business Growth

by | Sep 14, 2023 | Bookkeeping

By conducting in-depth financial analysis, companies can gain a comprehensive understanding of their revenue performance and financial health. Fluctuations in consumer preferences, purchasing behavior, and market trends directly impact sales volumes and revenue...

Average accounts receivable calculation

by | Aug 8, 2023 | Bookkeeping

You can then estimate the likelihood of each customer repaying its portion of the business’s accounts receivable. Although this analysis can yield valuable insights, it can also be time consuming, as the process of estimating credit worthiness can become highly...