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

Horizontal Analysis Formula

Nov 23, 2021 Bookkeeping by Adam Hill

The restated amounts result in a common-size income statement, since it can be compared to the income statement of a competitor of any size or to the industry's percentages. This information can be used to revised budgeted funding levels in future pe...

How To Use Depreciation And Amortization For Your Financial Reports

Nov 23, 2021 Bookkeeping by Adam Hill

Amortization is a measure to calculate the reduced worth of the intangible assets. Depreciation is to be charged as tangible assets suffer wear and tear as they are utilized in the business. Amortization is charged on intangible assets including pate...

Balance Sheet Template For Your Business

Nov 23, 2021 Bookkeeping by Adam Hill

For example, if there's a significant percent decrease in the company's cash, it could be experiencing financial problems, and it might not be wise to invest in the business. On the balance sheet, assets equal liabilities plus shareholders' equity. Y...

What Is The Completed Contract Method?

Nov 19, 2021 Bookkeeping by Adam Hill

C elects to use the 10 percent method effective for 2001 and all subsequent taxable years. During 2002, C receives $500,000 in progress payments and incurs $260,000 of costs. In 2003, C incurs an additional $300,000 of costs, C finishes manufacturing...

What Are The Rules For Debits And Credits In Accounting?

Nov 19, 2021 Bookkeeping by Adam Hill

In today's post, we'll explain the differences between bookkeeping and accounting. While these two terms are often used interchangeably, they refer to two vastly distinct functions and roles. Every transaction affects at least two accounts, and maybe...