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Accounting Solver

Archive for the ‘Cash Inflows’ Category

June 11th, 2008

THE BEST USE OF CREDIT CARDS: Cash Flow Management

Credit Cards, so that they do not become a heavy burden (you can end up paying as much as 30% on interest & penalties), have to be managed just like any regular bank loan.
It is important to keep a proper mindset. Do not think of your credit cards as additional cash in your wallet. […]

By ren -- 3 comments

November 25th, 2007

PERSONAL FINANCE 11: THE WORKINGS & USES OF A PERSONAL CASH FLOW STATEMENT WITH NO EARNING ASSETS 2

Considering the case of an individual or household with no financial or physical Earning Assets, whose only Earning Assets are Manhours, where the Salaries or Professional Fees have related Direct Costs which do not leave sufficient Cash to meet Expenses:

What are the possible options for solving the financial problem?
The options start with your Manhours, your […]

By ren -- 0 comments

November 6th, 2007

WEALTH & INCOME

Having spent posts 1 through 31 in understanding accounting talk, of what use is all this accounting talk?
At the end of the day, what accounting does is: it measures wealth and talks about how income creates wealth.
There is a world of difference between wealth and income. It is easy to confuse the two. […]

By ren -- 4 comments

November 2nd, 2007

UNDERSTANDING ACCOUNTING TALK 21 Revenues vs Cash, Accounts Receivable & Inventory

In a majority of enterprises (whether large corporations or small businesses), the proceeds from Sales are usually received partially in Cash. The balance comes in the form of a promise to pay in the near future, usually within 30 to 90 days. This balance is booked as Accounts Receivable.

In a trading, merchandising or […]

By ren -- 0 comments