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

Comparing Capital Lease vs Operating Lease

Feb 15, 2022 Accounting Blog by Adam Hill

Leasing machinery or vehicles by businesses is a common practice used as an alternative to buying. There are two different leases — capital and operating. These two leasing types have different effects on taxes and accounting. Keep reading the article to find out more about the topic. Equipment Lease Businesses prefer lease equipment and vehicles
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Working Capital Ratio

Jan 28, 2022 Bookkeeping by Adam Hill

Tally up all the debts, expenses, and other financial obligations expected for your business throughout the year or your operating cycle. The Net Working Capital Formula and the Working Capital Ratio Formula are the easiest ways to determine whether ...

Suspense Account

Jan 26, 2022 Bookkeeping by Adam Hill

Hold the partial payment in a suspense account until you contact the customer. When you find out the invoice, close the suspense account and move the amount to the correct account. Similar to business suspense accounts, brokerage suspense accounts te...

Royalty Disbursement Or Suspense Account Definition

Jan 25, 2022 Bookkeeping by Adam Hill

The final piece of the process requires that a disbursement activity be processed to return the money to the client. If the process occurs without notice to homeowners, at some point the servicer will send out pre-foreclosure notices, which will dema...

Flexible Budgeting Nurtures Your Business Get Started With 4 Best Practices

Jan 25, 2022 Bookkeeping by Adam Hill

Flexible budgeting considers both fixed and variable costs with variance analysis. Management may set flexible targets to cover fixed costs and then gradually build on profits later. Variable costs assigned to sales activity or in percentage terms pr...