Bookkeeping

29Haz

Outputting the Cash Flow Statement Indirect method

If you use accounting software, it can create cash flow statements based on the information you’ve already entered in the general ledger. To convert the accrual based cost of goods sold figure from the income statement to a cash paid basis the business needs to...
19Nis

Difference between Fixed Cost and Variable Cost: Meaning, Examples

If your income decreases, you must make massive cuts to your spending. If income increases, you should start moving most of the money to fixed vs variable costs savings and investments. As your business grows, monitoring these costs ensures your profits grow proportionally. Difference between Fixed...