Categorie: Bookkeeping

Liabilities are financial obligations a business owes to other persons, businesses and governments. Short-term liabilities are financial obligations that become due within a year, while long-term liabilities are due in a year or longer. A company’s total liabilities is the sum of its short-term and long-term liabilities. Types of liabilities on a balance sheet Most…

It can help to take the guesswork out of how to handle accounting activities. It also helps to ensure consistency, accuracy, and efficient financial performance analysis. The main difference between the accounting cycle and the budget cycle is the accounting cycle compiles and evaluates transactions after they have occurred. The budget cycle is an estimation…

Essentially, anything that is required to keep the service live and operational. For a sales-led company, a sales capacity model can help plan your top-line by using sales rep performance to forecast future bookings. If a top-down approach is better suited to your company, the ARR snowball model uses historical trend data to project future…