Category Archives: Bookkeeping

Most social media sites’ only source of profit is the data they have on their users and targeted advertising. The R programming language is used for social media analytics, segmenting potential customers, and targeting ads. Many of the computer programming languages you learn about are general-purpose. However, other programming languages are designed for a specific […]

If retailers can get a big purchase discount when they buy their inventory from the manufacturer or wholesaler, their gross margin will be higher because their costs are down. Finding new customers and marketing your goods or services to them consumes time and is expensive. But when you focus on ways to increase customer retention, you can continue to […]

At the end of an accounting period, the accounts of asset, expense, or loss should each have a debit balance, and the accounts of liability, equity, revenue, or gain should each have a credit balance. On a trial balance worksheet, all of the debit balances form the left column, and all of the credit balances […]

To write a void check you will first need to obtain the check that you want to void or take a new check from your checkbook. Next, you will need to write the word “void” across the face of the check in large block letters. In most cases, you should use blue or black ink […]

Keep reading to find more about the assumptions this tool uses, how to calculate opportunity cost, and the opportunity cost definition. You may also find it useful to go through an opportunity cost example, which provides you with a step-by-step model you can adjust to your own needs. One of the most dramatic examples of […]

As an important concept in accounting, the word “retained” captures the fact that because those earnings were not paid out to shareholders as dividends, they were instead retained by the company. A statement of retained earnings shows the changes in a business’ equity accounts over time. Equity is a measure of your business’s worth, after […]

The difference between the purchase price and the sale price represents the gain or loss per share. Multiplying this value by the number of shares yields the total dollar amount of the transaction. Investors who wish to determine a more accurate number may also factor in any brokerage commission fees related to the purchase or […]

When you fall behind on bookkeeping, your books stop reflecting the actual state of your finances. That makes it harder (sometimes impossible) to understand cash flow and accurately gauge the health of your business. Without proper planning, financial advisors are vulnerable to getting caught up in everyday rut that makes it difficult to grow revenue […]