Because you typically need to pay vendors quickly, accounts payable is a current liability. Liabilities are current debts your business owes to other businesses, organizations, employees, vendors, or government agencies. You typically incur liabilities through regular business operations. Money owed to employees and sales tax that you collect from clients […]

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Content How to prepare a horizontal analysis What are the benefits of a horizontal analysis? Share this document Step 1. Income Statement and Balance Sheet Assumptions Gather Data Financial Statement Analysis Since horizontal analysis is expressed in percentage change over time, it is often confused with vertical analysis. The two […]

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In certain cases, the process of importing is automatic as the accounts are connected to the software that the bookkeeper works on. Outsourced bookkeeping is an option if you want to outsource your books and you have a small business. If you don’t have time to do the bookkeeping yourself […]

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