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

Ageing

May 21, 2020 Bookkeeping by Adam Hill

Accounts payable section is set up based on the probable number of vendors & service providers, the volume of the payments that would be processed for a period of time and the nature of reports that would be required by the management. Accounts p...

After-Tax Cost of Debt and How to Calculate It

May 21, 2020 Bookkeeping by Adam Hill

A business needs to balance the use of debt and equity to keep the average cost of capital at its minimum. The rate of corporate tax that companies pay in the U.S. plays a major part in determining WACC because as tax rates go up, the WACC falls. Hig...

48 Unexpected Expenses that will Bust Your Budgetand how to pay for them

May 21, 2020 Bookkeeping by Adam Hill

This type of income statement helps owners analyze different aspects of the company’s performance. These expenses are the costs a small business incurs in its primary business activities during the accounting period. They are sometimes referred to as...

Adjusting entries

May 21, 2020 Bookkeeping by Adam Hill

What are adjusting entries? Adjusting entries are journal entries used to recognize income or expenses that occurred but are not accurately displayed in your records. You create adjusting journal entries at the end of an accounting period to balance ...

Rules of Trial Balance

May 20, 2020 Bookkeeping by Adam Hill

Deferred expenses are expenses that have been paid in advance and will be expensed out at a later date. Sometimes a bill is processed during the accounting period, but the amount represents the expense for one or more future accounting periods. For e...