Adam Hill, author at Online Accounting

Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Accounting balance sheet: Financial Statements 101: How to Read and Use Your Balance Sheet

May 26, 2023 Bookkeeping by Adam Hill

Likewise, its liabilities may include short-term obligations such as accounts payable and wages payable, or long-term liabilities such as bank loans and other debt obligations. A company’s balance sheet is one of three financial statements used to give a detailed picture of the health of a business. Investors and analysts will read the balance sheet
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Sales Margin Definition

Apr 4, 2022 Accounting Blog by Adam Hill

Sales margin is essential to a business because the higher the sales margin, the more profit the business makes. The way companies calculate their sales profit can vary. You can use standard calculations to determine the amount of profit from a service or product, which is vital for long-term growth and survival. Calculating Sales Margin
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Definition of Fund Accounting

Apr 1, 2022 Accounting Blog by Adam Hill

In business, you want to know how much you spend, earn, and how much is left. When working with a nonprofit organization, you also want to make sure that your income and expenses are allocated. Fund accounting is a method used by a nonprofit organization that illustrates accountability rather than profitability. Organizations that receive income
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Explanation of Nonprofit Accounting

Mar 29, 2022 Accounting Blog by Adam Hill

Every organization is different. Most nonprofits need to do the following to get their accounting system up and running: Find a nonprofit accounting solution; Find an accounting solution to track funds; Open a separate bank account; Start doing bank reconciliations; Record in-kind donations; Start budgeting; Prepare and analyze financial statements. Nonprofit accounting is a unique
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After-Tax Income: Explanation and How to Calculate It

Mar 25, 2022 Accounting Blog by Adam Hill

After-tax income is the net income amount available to invest, save, or consume after applying federal, state, and withholding taxes. It is a person’s disposable income. Companies, and individuals, make economic decisions in light of how they can best maximize their after-tax income. Understanding After-Tax Income Simply put, after-tax income is essentially total paycheck minus
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