Bookkeeping – Utopia Property Information Group

“Work in progress” vs “Work in process” in English

Today, work in progress is the standard version of this phrase. It might be helpful to think of progress as gradual change for the better, while a process is a sequence of discrete steps toward...

Sales price variance definition, explanation, formula and examples

By setting accurate benchmarks, businesses can better anticipate potential variances and allocate resources more efficiently. Utilizing predictive analytics can further enhance this process, allowing companies to forecast future costs based on historical data and market...

Top 10 Richest Rappers in 2025: Hip-Hop Billionaires

With over 100 million record sales throughout his career, Lil Wayne has surpassed Elvis Presley with the most entries of all time on the Billboard Top 100 charts. In addition to his exceptional career as...

Contribution Margin: What It Is, How to Calculate It, and Why You Need It

On the other hand, variable costs are costs that depend on the amount of goods and services a business produces. The concept of this equation relies on the difference between fixed and variable costs. Fixed costs are...

Nonprofit Organization Statement of Activities Template in Word, PDF, Google Docs Download

The Statement of Activities in nonprofit accounting is akin to an income statement used in for-profit businesses, but with some key distinctions that reflect the unique goals and structure of nonprofits. Unlike for-profit businesses that...

Closing entries explanation, process and example

So, even though the process today is slightly (or completely) different than it was in the days of manual paper systems, the basic process is still important to understand. All the temporary accounts, including revenue,...

Equity Multiplier What Is It, Formula, Interpretation

It’s important to note that equity multiplier payroll only provides a snapshot of a company’s financial leverage at a single point in time. As we mentioned earlier, equity multiplier ratio is calculated by dividing a...

A Comprehensive Guide to Accounts Payable Fraud: Examples, Risks & Prevention

AP are recorded as a short-term liability on your company’s balance sheet. For example, a retailer purchasing inventory on credit records the transaction under accounts payable until the invoice is settled. Similarly, a company paying...

Xero Review 2024: Features, Pricing & More

Instead, customers can visit the everything you need to know about your security deposit Xero Central support site or raise a case online. You can also scroll through Xero’s default chart of accounts and customize...

What is the job description of a Property Management Bookkeeper?

Cash Basis Accounting recognizes revenue when cash is received and expenses when they are paid, while Accrual Basis Accounting recognizes revenue when it is earned and expenses when they are incurred. Categorizing your expenses by...