Adam Hill, author at Online Accounting

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Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

What Are the Advantages of Using a Flexible Budget vs. a Static Budget?

Jul 20, 2020 Bookkeeping by Adam Hill

This type of budget shows the business what the static budget should have been by using actual output figures from the budget period. For example, if the static budget covered the production of 1,000 units, but only 600 units were made, the flexible ...

Variable Costs Definition & Example

Jul 20, 2020 Bookkeeping by Adam Hill

Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities....

Capital assets explained – FreeAgent

Jul 20, 2020 Bookkeeping by Adam Hill

A company's balance sheet statement consists of its assets, liabilities, and shareholders' equity. Assets are divided into current assets and noncurrent assets, the difference for which lies in their useful lives. Current assets are typically liquid ...

Fiscal Quarter

Jul 17, 2020 Bookkeeping by Adam Hill

The "end of the quarter" refers to the conclusion of one of four specific three-month periods on the financial calendar. The four quarters end in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. Many businesses, analysts, government ...

Cost Calculatation of Goods Sold for Your Business

Jul 17, 2020 Bookkeeping by Adam Hill

She buys machines A and B for 10 each, and later buys machines C and D for 12 each. Under specific identification, the cost of goods sold is 10 + 12, the particular costs of machines A and C....