Limelight's user experience is designed to reflect Excel — making it a familiar, particularly easy option for CFOs, controllers, budget managers, and other users to adapt to. If you're interested…
When a cash dividend is declared by the board of directors, debit the retained earnings account and credit the dividends payable account, thereby reducing equity and increasing liabilities. Thus, there…
As a financial guide for your business' future, a budget creates certain expectations about your company's performance. Budget forecasting aims to determine the ideal outcome of the budget, assuming that…
This journal entry is made to eliminate the dividends payable that the company has made at the declaration date as well as to recognize the cash outflow that is not…
If you’re familiar with WordPress or already have a WordPress site for your business, this e-commerce platform may be a smooth move. This e-commerce platform also offers flexibility in how…
As you evaluate e-commerce solutions, the first thing to compare is the pricing, which may be a major deciding factor for most small businesses. Paying for your e-commerce platform is…
A higher ratio indicates that the business is in a stronger position to repay its debt. Some of the popular ratios include debt coverage, interest coverage, asset coverage and cash…
Capital budgets (like all other budgets) are internal documents used for planning. These reports are not required to be disclosed to the public, and they are mainly used to support…
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