Like net working capital, debt and debt-like items have a potential dollar-for-dollar impact on purchase price. Recorded balances for current assets and current liabilities in the target’s books and records may not accurately reflect their economic impact (for example; allowances against aged a...

Defining your markup as a percentage above cost ensures that you continue earning sales revenue as costs increase. Still, it also means you don’t have to keep going back to adjust your pricing. Manually adjusting your prices based on cost is plausible for a smaller business, but this quickly be...

That way, if you have questions down the line about the transaction, you will know who to ask. Let’s go through some tips for how to fill out a receipt book manually. Write down the information of your customer such as name, address, and contact number. If your company is VAT registered, you wi...

On a more granular level, the fundamentals of financial accounting can shed light on the performance of individual departments, teams, and projects. Whether you’re looking to understand your company’s balance sheet or create one yourself, the information you’ll glean from doing so can help ...