The ability for owners to draw on capital built up in a business is important for capital growth. We provide a full example with journal entries and explanations.
Posts by Andrew
Revenue is the inflow of economic benefits as a result of past events. Accounting for revenue is critical in financial reporting. Our article works through the journal entries and accounting equation...
Definition Expenses, or operating expenditure, are payments or outflows of economic benefits from a business to pay for the day-to-day running costs incurred as a result of transactions that have...
In accounting non-current assets are tangible or intangible assets a firm will use normally over a period of greater than 12 months. This article looks into how they should be accounted for.
In our latest article looking at key financial ratios, we look at the net profit margin, providing you with analysis and an online calculator to see how it works. Net Profit Margin is one of the...
There are plenty of open source ERP solutions out there, and our comparison of the top 5 will help you see what is the best for you and your business.
