Creditors Basics in Accounting

Understanding the different types of creditors and how they operate is essential for effectively managing financial obligations and maintaining healthy creditor-debtor relationships. From an accounting perspective, a creditor is classified as a liability on a company’s balance sheet. Liabilities are obligations or debts that a company owes to external parties, and creditors fall under this category. The amount owed to …

Statement of Shareholders Equity: In-Depth Explanation and Analysis

The balance sheet shows this decrease is due to a decrease in assets, but a larger decrease in liabilities. However, the impact of these initiatives on shareholders’ equity is not entirely negative. Enhanced reputation and improved customer and employee satisfaction from effective CSR and sustainability initiatives could increase the company’s value. This in turn can elevate stock prices, thereby resulting …

List of Accounting Services

There are many factors to consider, such as if they can handle the accounting tasks you want to outsource and offer the services you need—at present and in the future—at a cost you can afford. You will also want to take into account which accounting method the bookkeeper uses and how often you will communicate with them. Other questions to …