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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: Finance

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
A Comparison Of The Top ERP Vendors
Accounting Blog Finance

A Comparison Of The Top ERP Vendors

November 3, 2013

Enterprise Resource Planning (ERP) is vital for a range of back office functions such as supply chain, manufacturing, product development and financial management. ERP is not a new concept and … Read More

Comment on A Comparison Of The Top ERP Vendors
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?
Top 5 Stock Markets In The World And Their Turnover
Blog Finance

Top 5 Stock Markets In The World And Their Turnover

February 12, 2013

The top 5 stock markets in the world have delivered very solid performances and I have to admit that stock market performance is not entirely connected with the stock market … Read More

stock markets Comment on Top 5 Stock Markets In The World And Their Turnover
Slow Paying Customers – Helping Them to Pay
Accounting Blog Finance

Slow Paying Customers – Helping Them to Pay

January 8, 2013

There is no doubt that cash is key for every successful business and turning your sales into cash is not as easy as it might sound. A lot of businesses have customers … Read More

bad debtscash receiptscredit salesfaster customer payments Comment on Slow Paying Customers – Helping Them to Pay
Top Five dot com failures
Blog Entrepreneurship Finance

Top Five dot com failures

December 29, 2012

Internet is always full of surprises. You can have success stories like linkedin, ebay, amazon and facebook you can also have a lot of online businesses that went bust early. … Read More

business failuresdot cominternet failuresstart-up failures Comment on Top Five dot com failures
12 of the most common investing misconceptions
Blog Entrepreneurship Finance Personal Finance

12 of the most common investing misconceptions

December 28, 2012

The bad thing with the most common investing misconceptions is that they are sometimes “promoted” by professionals. It is always up to you to question any advice you are given … Read More

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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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