Posts Tagged ‘cash’
High Yield Savings Account What Do They Actually Mean
Basically, a high yield online checking account means an account that gives a top growth rate for your savings. Because your savings account will accumulate interest each month, the concept of rate of interest is important here. When a free account has a high rate of interest, it is bound to grow in savings significantly also. So, essentially a higher yield online savings account is surely an account that has a high interest.
Assets and Liabilities
Making a profit in a business is derived from several different areas. It can get a little complicated because just as in our personal lives, business is run on credit as well. Many businesses sell their products to their customers on credit. Accountants use an asset account called accounts receivable to record the total amount [...]
Depreciation reporting
In an accountant’s reporting systems, depreciation of a business’s fixed assets such as its buildings, equipment, computers, etc. is not recorded as a cash outlay. When an accountant measures profit on the accrual basis of accounting, he or she counts depreciation as an expense. Buildings, machinery, tools, vehicles and furniture all have a limited useful [...]
Inventory and expenses
Inventory is usually the largest current asset of a business that sells products. If the inventory account is greater at the end of the period than at the start of the reporting period, the amount the business actually paid in cash for that inventory is more than what the business recorded as its cost of [...]