The diluted number is how to find outstanding shares always larger and shows the maximum possible impact on ownership and EPS. Look in the balance sheet under ‘Equity’ or in the notes to financial statements. Many filings also disclose the average number of shares used to compute EPS, which is the weighted average outstanding shares. […]
Category Archives: Bookkeeping
While any business can use bottom-up budgeting, some industries are a How to Run Payroll for Restaurants particularly good fit. Think about industries where local knowledge and employee input are especially valuable. Okay, so one of the biggest upsides to using a bottom-up budgeting approach is that you usually end up with more spot-on forecasts. […]
In the event that you have already paid the total amount of the invoice without offsetting your credit memo, you can either ask for a refund or use that credit against future invoices. Not only it’s important to know how much you should pay your vendors but keeping track of your accounts payable will also […]
A credit memo symbolizes a pivotal acknowledgment of adjustments made to a customer’s account, often through the issuance of a credit. It is typically utilized in the F&B industry to rectify billing errors, address product returns, or facilitate promotional rebates. Let’s say a restaurant owner purchases 10 boxes of take-out containers. The seller issues a […]
Revenues and gains are recorded in accounts such as Sales, Service Revenues, Interest Revenues (or Interest Income), and Gain on Sale of Assets. These accounts normally have credit balances that are increased with a credit entry. Another way to visualize business transactions is to write a general journal entry. Each general journal entry lists the […]
Revenues, liabilities, and stockholders’ equity accounts normally have credit balances. A normal balance is an expectation that a particular type of account will have either a debit or a credit balance based on its classification within the chart of accounts. It is possible for an account expected to have a normal balance as a debit […]