by Baris Camkerten | Nov 15, 2023 | Bookkeeping
From the trial balance data, one can generate three key financial statements – the income statement, the balance sheet, and the cash flow statement. The significance of debit and credit entries cannot be overstated when it comes to maintaining a trial balance. These...
by Baris Camkerten | Aug 7, 2023 | Bookkeeping
ContentDonate bloodThe Power of KPIs: The Top Performance Indicators Every Medical Practice Should Monitor – on demandHFMA, Selat/Nawa and KSA Ministry of Health collaborate on one-day educational event in RiyadhUsing Lean methodology to address medical practice...
by Baris Camkerten | Jul 6, 2023 | Bookkeeping
A 20% portfolio turnover ratio could be interpreted to mean the value of the trades represented one-fifth of the assets in the fund. Portfolios that are actively managed should have a higher rate of turnover, while a passively managed portfolio may have fewer trades...
by Baris Camkerten | Jun 28, 2023 | Bookkeeping
Average wage of a worker is $40 per hour and total direct labor hours worked during the year equal 3 million. The factory overhead is the total of all costs (other than direct costs) incurred to maintain and run the production facility or factory. These expenditures...
by Baris Camkerten | May 17, 2023 | Bookkeeping
Revise and restate the financial statements of previous years to reflect the changes. Liability is an obligation of the business to pay during the course of time. Current liabilities must be paid in one year or less, while non-current liabilities can extend more than...
by Baris Camkerten | Nov 11, 2022 | Bookkeeping
To reduce your DSO, focus on efficient accounts receivable practices, including clear credit policies, prompt invoicing, automated reminders, regular reconciliation, and offering early payment incentives. His company’s OC would begin when he buys various...
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