If you have food in the refrigerator, clothes on your back, a roof overhead and a place to sleep you are richer than 75% of this world. If you have money in the bank, in your wallet, and spare change in a dish, you are among the top 8% of the world’s wealthy . . […]
The downward spiral in a recession (downsizing & cutbacks > unemployment > loss-of-purchasing power > cuts-in-production > more unemployment > more loss-of-purchasing-power > and on and on) can be mitigated if the Fortune 500 & Blue Chip corporations (which remain profitable, recession or not) […]
One of the greatest problems of a prolonged recession is the downward spiral that corporations (large & small) cause by their survival strategies. As companies downsize & cutback, unemployment causes loss of purchasing power in the market place which make companies bring down production levels which causes more unemployment which causes more loss of […]
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
Health is like cash (in a business Balance Sheet) which you spend on what you have to do and/or want to do. The healthier […]
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
Just like Cash in a business Balance Sheet, Health in the Balance Sheet for Living is much affected by Liabilities. Among the Liabilities in […]
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
As in any Balance Sheet for business, Equity is what you start out with or put into the business and which constitute your Assets. […]
I’ve always said that accounting is also for business. In other words, accounting is mostly common sense and is applicable (is being applied and should be applied) to almost anything we do –balancing work & leisure, measuring risks against rewards (in investments as in any endeavor), counting politicians’ promises against what they’ve […]
The Pareto Priniciple (also called the 80% - 20% Rule) has been applied in a variety of fields & disciplines; e.g., business management, time management, management of sales people, project management, development economics, etc. Basically, the Pareto Principle states: in any endeavor, a 20% segment can explain the status of almost anything […]
Accounts receivable and accounts payable are reciprocal accounts. Your business’ accounts receivable are the accounts payable of the community you serve and your accounts payable are the accounts receivable of the community (e.g., suppliers).
Specially for small businesses, it is best if the relationships are not just cold impersonal exchanges of goods and dollars. […]
AccountingSolver received an insightful comment from Mary Schaeffer, Author Controller & CFO’s Guide to Accounts Payable (John Wiley & Sons 2007) & 12 other business books, Editorial Director Accounts Payable Now & Tomorrow (http://ap-now.com/blog/):
“I just read a post on another blog recommending payment stretching as a way of improving cash flow. And, to be honest, […]
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