Some recommendations include LinkedIn, Opportunity, OilPro, Rigzone. Whilst on the subject of resumes, I know for a fact that not everyone is a “hardworking, enthusiastic team player”, yet it appears on almost every resume I see. Have a think about what makes you unique and stand out from everyone [...]
One important way of cutting your labor cost percentage that might easily be overlooked is focusing on keeping the employees you have. If the restaurant is only half-booked and you still have a full staff on the floor, your sales decrease by half, which effectively means your labor cost percentage [...]
The vast majority of companies that people would potentially invest in will be using accrual-based accounting. However, should you come across a small company using cash-based accounting, https://gromrady.org.ua/ru/2018/12/huawei-ne-izvestno-o-protivopravnyh-dejstvijah-ee-finansovogo-direktora-kotoruju-zaderzhali-v-kanade/ it’s definitely something to watch out for. The cash basis method records these only when cash changes hands and can [...]
Therefore, cash accounting can both overstate or understate the condition of the business if collections or payments happen to be particularly high or low in one period versus another. Businesses using the accrual method to keep an accurate picture of accounts payable and receivable will maintain their ledgers according [...]
Many small businesses opt to use the cash basis of accounting because it is simple to maintain. It’s easy to determine when a transaction has occurred (the money is in the bank or out of the bank) and there is no need to track receivables or payables. Whenever a [...]
The accounts receivable aging method uses accounts receivable aging reports to keep track of past due invoices. Using historical data from an aging schedule are federal taxes progressive can help you predict whether or not you’ll receive an invoice payment. At the end of February, ABC reviews the allowance [...]
With this method, accounts receivable is organized into categories by length of time outstanding, and an uncollectible percentage is assigned to each category. For example, a category might consist of accounts receivable that is 0–30 days past due and is assigned an uncollectible percentage of 6%. Another category might [...]
This journal entry takes into account a debit balance of $20,000 and adds the prior period’s balance to the estimated balance of $58,097 in the current period. The final point relates to companies with very little exposure to the possibility of bad debts, typically, entities that rarely offer credit [...]
According to CPJ’s research, Israeli journalist Oded Lifschitz wasn’t working when he was taken as a hostage by Hamas on October 7, 2023. CPJ removed his name from the list of missing journalists after contacting the family. On February 6, 2024, Canadian-Palestinian journalist Mansour Shouman was found alive after [...]
It is very important for you to understand the debit and credit rules for each account type or you may not calculate the balance correctly. Notice that we give an explanation https://www.bookstime.com/articles/what-are-depreciable-assets for each item in the ledger accounts. Often accountants omit these explanations because each item can be [...]
