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

Gross Profit: Meaning and Formula

May 3, 2021 Accounting Blog by Adam Hill

At the same time, you cannot draw conclusions about the success of a business based on only one indicator. In addition to gross profits, it is recommended to analyze different data to assess the organization's performance. For example, based on gross...

Bookkeeping 101: A Guide for Business Owners

May 3, 2021 Accounting Blog by Adam Hill

The key goal of bookkeeping is to generalize and systematize information about all the facts of the economic life of a business. In simple words, accounting reflects a complete picture of all the business activities. On the basis of this financial in...

Cash Flow Projection Meaning and Steps to Creating One

Mar 29, 2021 Accounting Blog by Adam Hill

The cash flow projection is nothing more than a report that reflects all the cash receivables and expenditures for a given time. It allows you to see in advance the deficit or, conversely, the surplus of money in order to react in time and correct th...

What Are Depreciable Assets?

Mar 29, 2021 Accounting Blog by Adam Hill

For fixed assets to be considered depreciable, they should also have a limited useful life. Useful life the length of time the depreciated assets will be productively used in the operations of a business. Moreover, these assets should be used by an o...

What are Deductible Expenses for a Business?

Mar 29, 2021 Accounting Blog by Adam Hill

Business expenses that qualify for a tax deduction will reduce the company’s taxable income and the amount of tax it needs to pay. For business expenses to be tax-deductible, they must meet all the following conditions. Expenses must be:...