Proforma Blog

  • About Proforma
  • Proforma.com
  • Contact Us

Tag: Finance

Accounting

Understanding Bad Debt Expense

Bad debt expense occurs when a company experiences a loss due to products sold or services provided that they ultimately do not receive payment for. The bad debt expense only relates to transactions that involve a company’s accounts receivable account. There are two methods that a company may use to account for bad debt expense:… Read More

Posted 6 years ago July 31, 2017
By Josh Charlillo
0
Accounting

Cash Basis vs. Accrual Basis Accounting

There are typically two methods companies use to account for transactions, known as the cash basis and the accrual basis methods of accounting. The main difference between these methods of accounting is when revenue and expenses are recognized by a company. Cash Basis: A company that uses the cash basis of accounting recognizes revenue as… Read More

Posted 6 years ago May 26, 2017
By Josh Charlillo
0
Gift Giving

Gift Card Revenue and how it’s Recognized

Now that the holidays have passed, it’s time for everyone to start spending the gift cards they received. Companies all over, from Best Buy to Walmart make a killing during the holiday season from the sale of gift cards. Gift cards have become such a big money maker for companies that many of them now… Read More

Posted 6 years ago January 4, 2017
By Josh Charlillo
0

Archives

Search

Categories

Proudly powered by WordPress | Theme: tdMacro by Themes Harbor