Category: Bookkeeping

The balance sheet shows your company’s assets, liabilities, and equity at specific points in time. Key indicators include equipment values, accounts receivable aging, and current asset levels relative to operational needs. This level of expense tracking improves bidding accuracy and identifies cost reduction opportunities across your specific business needs. Do Landscaping Companies Really Need A… Continue reading Efficient Bookkeeping Solutions for Landscaping Businesses by LCK

The most common depreciation method is the straight-line method, which is used in the example above. The cost available for depreciation is equally allocated over the asset’s life span. As the depreciation expense is constant for each period, the depreciated cost decreases at a constant rate under the straight-line depreciation method. Depreciation is a monetary… Continue reading What is Depreciation? Formula, Journal Entry & Methods