Bookkeeping

There are a variety of accounting formulas for businesses that can be used for a variety of purposes, such as producing a statement of cash flows, reviewing inventory turnover and analysing total sales. Below are some of the most common accounting equations businesses should know. On your balance sheet, these 3 components will show how your […]

Calculating accruals for a biweekly pay cycle is just as easy as it is for a weekly pay cycle—it’s just the pay period lasts two weeks instead of one. The hourly accrual rate is the best to use for accuracy, but some businesses prefer to use a simpler calculation based on the fact that biweekly