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

What Is the Average Collection Period?

Jun 26, 2021 Accounting Blog by Adam Hill

The average collection period is typically considered as the number of days that usually pass before the customer pays for the goods and the entity is able to collect its money from sales. This financial indicator should be paid attention to by organ...

A Simple Explanation of Notes to Financial Statement

Jun 25, 2021 Accounting Blog by Adam Hill

So, where can a reader see more details about all the elements presented in the report broken down and explained? As you might have guessed, it is the notes to financial statements the provide narrative descriptions or disaggregation of items present...

Contribution Margin

Jun 4, 2021 Accounting Blog by Adam Hill

If you understand the importance of contribution margin and learn how to use it, you will gain the keys to increasing your business’s potential. Contribution margin is the amount of a business’s revenue left to cover the fixed costs or the money left...

Simple Explanation of Notes Payable

Jun 3, 2021 Accounting Blog by Adam Hill

Although a majority of notes payable are interest-bearing, sometimes this document does not have an interest percentage on it and that is known as a zero interest-bearing note. That is somewhat misleading because there really is interest on that note...

Sales Tax: Explanation and Calculation

Jun 2, 2021 Accounting Blog by Adam Hill

Goods are considered to be both physical objects and some types of intellectual property (however, intellectual property is taxed less often). In every state, there is a very large list of items, the sale of which is exempt from the payment of sales ...