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Financial Memos

The Accounting and Finance Community

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ARTICLES

When earned revenue is reported is an important accounting principle.

When is Earned Revenue Reported?

Do you pay income tax on drawings from a business?

Do You Pay Tax on Drawings From a Business?

Contingent assets are possible assets contingent on future events taking place.

Contingent Asset Accounting and Analysis

Accrued revenue is income that has been earned but not yet billed or received.

Accrued Revenue Accounting and Journal Entries

Accrued expenses are balance day adjustments for expenses incurred but not yet paid.

Accrued Expense Accounting and Journal Entries

Prepayments are for goods and services paid in advance and yet to be delivered.

Prepayments Occur When Payments Are In Advance

Revenue received in advance of work completed is treated as unearned revenue liability.

Unearned Revenue Accounting

Friday, January 22, 2021

Category: Entrepreneurship

Cryptocurrency Mining – My Side-hustle Project
Blog Entrepreneurship

Cryptocurrency Mining – My Side-hustle Project

September 14, 2020

Having a look at our recent article production on the site we have certainly been focused on accounting tutorial writing mode. This has been an area I’ve been keen to … Read More

bitcoincryptocurrencyethereum Comment on Cryptocurrency Mining – My Side-hustle Project
Accounts Receivable Management with ZenCash –  A review
Accounting Blog Entrepreneurship Finance

Accounts Receivable Management with ZenCash – A review

December 21, 2013

Making the sale is unfortunately only the first step. The second, and by far the most important, is turning the sale into actual cash. Cash that you can use to … Read More

accounting software Comment on Accounts Receivable Management with ZenCash – A review
Implementing an ERP System – 6 Issues to Consider
Accounting Blog Entrepreneurship

Implementing an ERP System – 6 Issues to Consider

December 3, 2013

There is no doubt that implementing an ERP System has benefits. These benefits include increased productivity and better margins. An ERP system can also help your company get things in … Read More

ERP Comment on Implementing an ERP System – 6 Issues to Consider
Accounting Blog Entrepreneurship

FreshBooks Review- A Cloud-Based Accounting Software

November 29, 2013

FreshBooks is one of many cloud accounting apps that have entered the market over the past few years. While cloud accounting has not grown as quickly as cloud solutions have … Read More

accounting softwarefreshbooks 5 Comments on FreshBooks Review- A Cloud-Based Accounting Software
Inflow Inventory Review – Is it the Solution Right
Accounting Blog Entrepreneurship

Inflow Inventory Review – Is it the Solution Right

November 29, 2013

A good inventory software is vital. This is especially so for companies that are struggling to manager their inventory levels, that sell physical goods that are fragile or become obsolete … Read More

accounting softwareinFlowInventory 3 Comments on Inflow Inventory Review – Is it the Solution Right
Small Business Accountant – 6 Areas They Can Help
Accounting Blog Entrepreneurship

Small Business Accountant – 6 Areas They Can Help

November 24, 2013

Most people believe that accountants are only good at keeping books, file a tax return and do some random number crunching here and there . That might be true but … Read More

CAchartered accountantCPA Comment on Small Business Accountant – 6 Areas They Can Help
Advantages and Strenghts of SWOT Analysis
Blog Entrepreneurship Finance

Advantages and Strenghts of SWOT Analysis

November 20, 2013

SWOT analysis is one of the tools that we have at our disposal to analyze a company or even a project. Together with other analytical tools such as the PEST(EL) … Read More

SWOT Comment on Advantages and Strenghts of SWOT Analysis

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  • Cryptocurrency Mining – My Side-hustle Project
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