by Small Business Accounting Software | Dec 4, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping costs incurred to bring purchased goods into the business. Included in inventory cost until sold. Helps establish accurate cost of goods.
by Small Business Accounting Software | Dec 1, 2025 | Terminologies
Measures how effectively a company generates profit from shareholders’ investments. Calculated as Net Income ÷ Shareholders’ Equity. A key metric for investors.
by Small Business Accounting Software | Nov 30, 2025 | Assets, Chart of Accounts, Terminologies
Highly liquid investments intended to be held for less than a year, such as treasury bills or certificates of deposit. They provide a return while maintaining liquidity. Often used for surplus cash management.
by Small Business Accounting Software | Nov 28, 2025 | Terminologies
A list of all ledger accounts and their balances at a given time. It ensures total debits equal total credits. Used as a preliminary check before preparing financial statements.
by Small Business Accounting Software | Nov 26, 2025 | Terminologies
Shows changes in equity during a period, including investments, withdrawals, and retained earnings. It links the income statement and balance sheet. Useful in sole proprietorships and partnerships.
by Small Business Accounting Software | Nov 25, 2025 | Chart of Accounts, Expenses, Terminologies
Shipping or courier costs for delivering goods to customers. Treated as a selling expense, not part of inventory. Essential for e-commerce and retail operations.
