Accounting Blogs

What Are Non-cash Expenses?

Non-cash expenses are the expenditures incurred without involving cash payments. However, business owners should still record these transactions in the

Introduction to Deferred Revenue

Deferred revenue refers to the payment from the clients for the goods and services they will receive in the future.

How Do Net Income and Gross Income Differ from Each Other?

If you are new to financial accounting, net income and gross income are two terms that you must understand. Both

How to Prepare a Cash Flow Statement by Using the Direct and Indirect Methods?

When it comes to the preparation of financial statements, one will need to master a lot of skills and methods

The Pros and Cons of Establishing Partnerships

Choosing a suitable business entity for a new company is something that every business owner must have gone through. Before

Types of Cash Flow Activities – Cash Flow from Financing Activities

Do you know that there are three different classes of cash flow activities? One of them is the cash flow