Category: Bookkeeping

The general ledger is a compilation of the ledgers for each account for a business. Below is an example of what the T-Accounts would look like for a company. Posting in accounting is a crucial step in the double-entry bookkeeping system, where a transaction is recorded in the general ledger accounts of a company. What…

In CVP analysis, however, it is simplistically assumed that costs are either fixed or variable. It conveys to business decision-makers the effects of changes in selling price, costs, and volume on profits (in the short term). The gross profit margin is the difference between sales and cost of goods sold. Cost Volume Profit Analysis with…

You’ll always have the human support you need, and a mobile friendly platform to access your up-to-date financials. Join over 35,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench. Your bookkeeping team consists of 3 professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly…

It’s always in a company’s best interests to keep its dividend payout ratio stable or improve it, even during a poor performance year. You can calculate the dividend payout ratio in several ways for a company, though due to the inputs used, the results may vary slightly. To interpret the ratio we just calculated, the…