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DOWNLOAD THE INCOME STATEMENT TEMPLATE

You know you can prepare your income statement in just a click. In AD’s income statement template, you just have to put your figures and you will get your income statement in a minute.

Current ratio featured image

The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.

how to prepare an income statement

Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.

Online accounting degrees

There are many international universities offering online accounting degrees. Such as University of Canada West, International University of Applied Sciences, and SOAS University of London.

Best accounting software

Best Accounting Software for small businesses: FreshBooks, QuickBooks, Zoho books, Sage Business Cloud Accounting, Xero, and AccountEdge Pro.

Accounting degrees

Studying any of accounting degrees opens many doors for you to the best future. As you have a huge range of different interconnected careers.

account receivable turnover ratio formula
𝐈𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞 𝐚𝐧 𝐀𝐬𝐬𝐞𝐭 𝐎𝐫 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲?

Account receivable is classified as an asset because it is the amount that the company will receive on behalf of the services that it has provided.

𝗔𝗰𝗰𝗿𝘂𝗲𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: is it an actual revenue?

When a company provides its services or delivers its goods before the payment is received is called accrued revenue.

Unearned revenue: When it become earned?

𝐔𝐧𝐞𝐚𝐫𝐧𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐖𝐡𝐞𝐧 𝐈𝐭 𝐁𝐞𝐜𝐨𝐦𝐞 𝐄𝐚𝐫𝐧𝐞𝐝? The questions like what is unearned revenue? How to calculate it and recognize it? When is …

How to prepare Control Account

𝐇𝐨𝐰 𝐭𝐨 𝐏𝐫𝐞𝐩𝐚𝐫𝐞 𝐂𝐨𝐧𝐭𝐫𝐨𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭? 𝐄𝐱𝐚𝐦𝐩𝐥𝐞 𝐚𝐧𝐝 𝐅𝐨𝐫𝐦𝐚𝐭 How does the control account work? And which accounts does it adjust or control …

𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐑𝐞𝐜𝐨𝐠𝐧𝐢𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞
𝐃𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐓𝐫𝐞𝐚𝐭𝐞𝐝 𝐀𝐬 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐎𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞?

𝐃𝐞𝐟𝐞𝐫𝐫𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞: 𝐓𝐫𝐞𝐚𝐭𝐞𝐝 𝐀𝐬 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐎𝐫 𝐑𝐞𝐯𝐞𝐧𝐮𝐞? Have you ever got payment for something before delivering services? Or have an online …

Contra Asset And Contra Revenue

𝐂𝐨𝐧𝐭𝐫𝐚 𝐀𝐬𝐬𝐞𝐭 𝐕𝐬 𝐂𝐨𝐧𝐭𝐫𝐚 𝐑𝐞𝐯𝐞𝐧𝐮𝐞- 𝐇𝐨𝐰 𝐃𝐨 𝐓𝐡𝐞𝐲 𝐃𝐢𝐟𝐟𝐞𝐫? Contra Asset vs Contra Revenue…. If you are wondering what is the difference …

𝐌𝐨𝐝𝐢𝐟𝐢𝐞𝐝 𝐀𝐜𝐜𝐫𝐮𝐚𝐥 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠

Cash Flow Statement Template

Get Free Access to AD's easy to use excel template of cash flow statement

Cash Flow Statement template by Accounting Drive