How to Forecast CapEx in DCF 5 Best Ways
The operating cycle refers to the timeline of key events in a manufacturing company related to its working capital, which is the surplus of current assets over current liabilities. This surplus may vary from the actual working capital requirement of the company. Imagine that we are tasked with building a 3-statement model for Apple. The […]
Order of operations Wikipedia
One element that should be included in every operational plan is control. The control element of a business plans answers the questions, “Have we accomplished what we wanted to accomplish? ” Without measuring performance outcomes, the entrepreneur does not know if the business is operating as expected, worse than expected, or better than expected. If […]
How to Calculate the Direct Labor Used
In the standard cost formula, direct labor is quantified by multiplying the number of hours worked by the labor rate per hour. This calculation is straightforward but critical for maintaining cost standards and identifying variances that can signal inefficiencies or the need for adjustments in the production process. Accountants view direct labor as a critical […]
Accounting 101 Cheat Sheet: Terms, Formulas, Software & More
Accounting might seem complicated and unattainable, but it’s just understanding and recording what comes in, what goes out, and where it all goes. Professionals working in multinational settings may encounter both GAAP and IFRS standards, depending on the regions in which they operate. Certifications such as the Certified Public Accountant (CPA) and Certified Management Accountant […]
CPA vs Accountant: Key Differences, Requirements & Career Paths 2025
Their certification provides them with credibility and legal standing in various fiscal matters, offering clients assurance. Accountants handle foundational tasks such as bookkeeping, preparing financial statements, and processing payroll. CPAs take on advanced functions like tax planning, audits, and strategic financial advice. What’s The Difference Between a CPA and an Accountant? You must pass the […]
Best Virtual & Outsourced Accounting Services 2025
With each and every one accounting auditing and bookkeeping services of our services, you’ll always know what you’re paying for. We offer flexible, transparent solutions designed around your business’s needs – no hidden fees, just real value. No matter your situation, we’re here to make taxes simpler and easier to manage. CPA, Tax & Accounting for […]
What Are Accruals? How Accrual Accounting Works, With Examples
For example, if you’re a caterer, and your food supplier provides you with $300 of lamb chops on March 15th, with an invoice due on April 15th, you would call that $300 an accrued expense. Under modified accrual accounting, revenues are recognized when they become available and measurable. Availability arises when the revenue is available […]
Understanding CSV, XML, TSV, and Excel File Formats
It’s been around since the dawn of spreadsheets, a simple, flat format where data is separated by commas (or sometimes semicolons, because apparently, commas weren’t dramatic enough). You may still be wondering what type of data format is best, but this will depend on your system’s goals. There is no data format or programming language […]
Calculator: Accrual-to-Cash Income CAVU
It is useful bookkeeping to think about what event makes accounts receivable increase and decrease. Fill out the form to download our Excel accrual-to-cash income calculator. To convert your books to accrual at the end of the period, recognize the outstanding sales due. Let our team of on-demand CPAs handle your accounting and technology, so you […]
Accrual Basis Books, Cash Basis Tax Return
In the process of converting from cash basis to accrual accounting, it’s essential to properly recognize and account for inventory. Under the cash basis method, inventory is expensed when purchased, while in accrual accounting, inventory is recognized as an asset on the online bookkeeping balance sheet. This is because, under accrual accounting, expenses related to […]