Author Archive | Tijmen van der Sande

Content Cash Vs Accrual Accounting: Which Accounting Method Is Best For Your Business? Which Financial Statements Are The Most Affected By Accounting Methods? Cons Of Accrual Basis Accounting Pros Of Cash Basis Accounting Learn Which Accounting Method Is Better For Your Business Tax Due Dates For S While accounting may seem like an overwhelming task, […]

Content Straight Line Depreciation Method Straight-Line Depreciation Value Calculator Sum-of-Years Digits Method Salvage Value Example Calculation How Small Business Accountants Use Salvage Value Calculate the asset purchase price Both declining balance and DDB require a company to set an initial salvage value to determine the depreciable amount. Sometimes, an asset will have no salvage value […]

Content What Is the Accounting Equation? Decoding the Accounting Equation The Bookkeeping Best Practices for Your Business How Does the Accounting Equation Differ from the Working Capital Formula? Expanded Accounting Equation Principle Explained This concept is that no matter which of the entity options that you choose, the accounting process for all of them will […]

Content Buy This Stock Image Now Cost Of Revenue Vs Cogs Eps Illustration Beginning Inventory + Purchased Inventory General & Administrative Expenses Cost of Goods Sold is also known as “cost of sales” or its acronym “COGS.” COGS refers to the cost of goods that are either manufactured or purchased and then sold. COGS counts […]