The Ultimate Guide to Rental Property Accounting 2023 Edition

No matter how many rental properties you own, there’s a lot to keep up with when managing any kind of property. The following basic principles will help you develop an efficient rental property accounting system for your real estate business. Reconciling is the process of comparing your property bank statement to your financial statements for […]

Predetermined overhead Rate Formula How to calculate it Finance Careers & Finance Graduate Schemes

Overhead costs are expenses that are not directly tied to production such as the cost of the corporate office. To allocate overhead costs, an overhead rate is applied to the direct costs tied to production by spreading or allocating the overhead costs based on specific measures. Once you have a handle on your estimated overhead […]

Retained Earnings Formula: Definition, Formula, and Example

Want to learn more about what’s behind the numbers on financial statements? Explore our eight-week online course Financial Accounting—one of our online finance and accounting courses—to learn the key financial concepts you need to understand business performance and potential. Liabilities and equity make up the right side of the balance sheet and cover the financial […]

Accounting Automation: The Definitive 2023 Guide

This information is used to predict future business growth and expansion. Preparing budgets – The accounting department references the company’s financial data to prepare the overall company budget, department budgets, and project budgets. Automated workflows use rules and assigned tasks to eliminate delays and improve efficiency in the assignment process. Accounting automation dramatically speeds up the […]

Bookkeeper Job Description

Awarded by the CFA Institute, the CFA certification is one of the most respected designations in accounting. In this program, accountants learn about portfolio management, ethical financial practices, investment analysis and global markets. To complete the program, accountants must have four years of relevant work experience. As the function of accounting is typically more diverse […]