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Financial Memos

The Accounting and Finance Community

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ARTICLES

Accrued Rent Income

Accrued Rent Income – Example With Journal Entries

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

Thursday, January 28, 2021

Category: Entrepreneurship

Small Business Crm -What options do you have?
Blog Entrepreneurship Finance

Small Business Crm -What options do you have?

November 7, 2013

When it comes to customer relationship management, there are so many options  that it would take days just to list them. I think it’s easier just to write about three … Read More

Comment on Small Business Crm -What options do you have?
What is ERP Accounting System?
Accounting Blog Entrepreneurship Finance

What is ERP Accounting System?

November 5, 2013

The Enterprise Resource Planning system, commonly referred to as an ERP accounting system, consists of a set of software modules that help businesses improve the information flow between functional departments, … Read More

ERP Comment on What is ERP Accounting System?
Top 5 Open Source CRM Solutions – A Review
Blog Entrepreneurship Finance

Top 5 Open Source CRM Solutions – A Review

November 4, 2013

There are many companies that prefer to use proprietary Customer Relationship Management (CRM) products because of their high level of customization and the quality of the customized support that the … Read More

2 Comments on Top 5 Open Source CRM Solutions – A Review
Review of the Top 3 Cloud CRM Solutions
Blog Entrepreneurship Finance

Review of the Top 3 Cloud CRM Solutions

November 3, 2013

According to ISM, one of the world’s leading CRM consulting firms, CRM solutions are enjoying a surge in popularity thanks to customers’ interest in SaaS (software as a service). As … Read More

Comment on Review of the Top 3 Cloud CRM Solutions
What’s the Top Free CRM Software and Why
Blog Entrepreneurship Finance

What’s the Top Free CRM Software and Why

November 3, 2013

We will take a look at Zoho and the reasons it’s considered as one of the top free CRM software on the market today.  As you know, the word free … Read More

Comment on What’s the Top Free CRM Software and Why
What Does A Company In Financial Trouble Look Like?
Blog Entrepreneurship Finance

What Does A Company In Financial Trouble Look Like?

September 20, 2013

Lots of businesses are only a few short steps away from financial disaster, due to the way they are structured. If they haven’t managed their risks properly, it takes only … Read More

Comment on What Does A Company In Financial Trouble Look Like?
How and When Discounts can Harm Your Business
Blog Entrepreneurship

How and When Discounts can Harm Your Business

July 14, 2013

All successful business owners understand that promoting their business should always be a top priority in any industry, and while that might be true, a lot of them assume the … Read More

Comment on How and When Discounts can Harm Your Business

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  • When is Earned Revenue Reported?
  • Debt Free Affirmations – For Each Day of the Month
  • Do You Pay Tax on Drawings From a Business?
  • Cryptocurrency Mining – My Side-hustle Project
  • Contingent Asset Accounting and Analysis
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