Reconciliation in accounting refers to comparing two sets of financial records or statements to ensure that they agree and are accurate. It involves comparing the balances […]
Fixed Asset Turnover (FAT) is a financial ratio that measures a company’s efficiency in using its fixed assets to generate revenue. It’s the company’s net sales […]
Operating income is a financial measure that shows a company’s profit from its operations before accounting for non-operating expenses such as interest, taxes, and other income […]
What is Imputed Income? Imputed income refers to the value of non-cash benefits received by an individual or a household in addition to their cash income. […]
In finance and accounting, “comptroller” and “controller” are often used interchangeably. However, there are subtle differences between the two roles that are worth exploring. This blog […]
In finance and accounting, numerous metrics and concepts are essential for businesses to understand to remain financially healthy and profitable. One such concept is net working […]
If you’re a small business owner, you might have heard of “intangible assets” but may not fully understand what it means. Intangible assets refer to non-physical […]
In accounting, liabilities refer to the obligations a company or individual owes to others. These obligations arise from past transactions or events and require the entity […]