To manage all of this, the company takes an account based approach to sales and account management. The role responsible for managing these relationships before, during, and after the sale is called the Key Account Manager (KAM). The campaigns and efforts of the marketing organization are some of the best ways to generate qualified leads. …
Net Sales Overview, Formula and Components, Income Statement Read More »
In general, the salvage value is important because it will be the carrying value of the asset on a company’s books after depreciation has been fully expensed. It is based on the value a company expects to receive from the sale of the asset at the end of its useful life. In some cases, salvage …
Salvage Value Meaning In Accounting, Types, And Examples Read More »
Our clients work with us to improve domestic and global finance, accounting, compliance and other procedures, providing better value for money and greater control over back office functions. Companies of all sizes rely on us to manage their back office accounting and compliance requirements effectively. They include businesses in the UK, those investing in the …
Outsourced Bookkeeping Services Online UK Virtual Bookkeeper Read More »
Cash and property dividends become liabilities on the declaration date because they represent a formal obligation to distribute economic resources (assets) to stockholders. On the other hand, stock dividends distribute additional shares of stock, and because stock is part of equity and not an asset, stock dividends do not become liabilities when declared. Cash dividends …
These deposits typically result from checks or electronic transfers received from customers that have not yet cleared the banking system by the time the company’s bank statement is generated. Therefore, the bank reconciliation process should be carried out at regular intervals for all of your bank accounts. This is because reconciling the cash book with …
Outstanding Deposit How to Spot One in Your Accounting Books Read More »
During this period, the company had purchased a warehouse building, in exchange for a $200,000 note payable. The company’s policy is to report noncash investing and financing activities in a separate statement, after the presentation of the statement of cash flows. This noncash investing and financing transaction was inadvertently included in both the financing section …
Cash Flow Statement: Analyzing Cash Flow From Investing Activities Read More »
