Ankit Nahta

To​‍​‌‍​‍‌ effectively plan, budget, and decide, a company needs to know how its costs behave. But it is not rare that companies do not have complete data or sophisticated analytical tools to understand their cost patterns. In such cases, the high-low method in accounting turns out to be a handy and simple-to-use tool. It enables...

Auditing is everything about trust. Businesses, regulators, stakeholders and investors rely on auditors for verification of whether or not the financial statements actually reflect financial health of a company. To attain this auditors follow a well-structured method called audit procedures. Within these procedures, there is an important component known as substantive procedures. Even if they...

Managing your business’s financial needs can be very challenging, especially for small and mid-sized companies with many different areas to operate. That is why QuickBooks was developed to assist with your daily accounting needs, an easy-to-use and robust accounting system to help manage your company’s financial information. Using QuickBooks will help you organize your financial...

The accounting entries that record the expenses upon the actual occurrence of the expense are termed accrued expenses, although the payout has not been received. This method of accounting ensures that expenses are recorded within the period when they occur, and thus it offers better financial information compared to cash-based accounting. What Are Accrued Expenses?...

With the expansion of the business, it becomes necessary to manage finances with ease, particularly in cases where multiple users want to access the same QuickBooks Desktop company file. QuickBooks Desktop can be easily networked across two computers, allowing you to work in tandem and maintain accurate financial records. This blog will guide you through...

More than 2.8 million people rely on CFI to learn accounting, financial analysis, modeling, and other skills. A key to the secrets of corporate financial analysis is to use our resources freely to navigate and experience a preview of the first module of each course. What is a Temporary Account? A temporary account is the...