The payroll workers who want to file their tax returns every year need Form W2 as the first document to start the process. All employers must file Form W2 and send copies to the employees before Jan 31st of every year. However, it is natural to get panicked if you have not received your Form […]
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Companies use two forms of finance to fund their operations. These include equity and debt finance. Equity finance is straightforward and comes from the company’s shareholders. Usually, this finance does not carry any interest. However, companies have to pay dividends to shareholders. However, these dividends are only applicable when the company is profitable. When it
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Accounting software is widely used in Cambodia for managing financial transactions and reporting. It offers a range of features such as invoicing, billing, expense tracking, and bank reconciliation. Businesses of different sizes and industries, including small businesses, startups, and multinational corporations, use accounting software to streamline their financial processes and make informed decisions. The use
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Companies commonly arrange a condensed financial statement along with the customary financial statements. The core groundwork on these documents serves various legal commitments and is usually associated with an episodic audit. Nevertheless, except for substituting comprehensive financial statements, condensed financial statements turn out to be the additional documents or authentic supplementary papers essential during the
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Definition Opportunity cost is the potential benefit a company or investor buyer may have gotten had they chosen this opportunity over others. It means how much of a potential benefit or gain in investment is missed by a person had they not skipped that opportunity. Opportunity cost is a term that plays a major role
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No business entity operates without having credit purchases and credit sales. Credit purchases and credit sales give rise to account payables and account receivables. Both accounts are recorded on the balance sheet of the business entity and are integral to the business operations. Account receivables(AR) and account payables(AP) are significant for internal accounting and external
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In the modern-day age, informational asymmetries are pretty non-existent. Coupled with increasing awareness regarding acts and policies of the company, there has been upward pressure on companies that have forced them to do better in terms of meeting the respective KPIs and ensuring that they can comply with their social policy that can extrapolate better
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Accounting is a process within companies to identify, analyze, summarize, record, and present financial transactions. This process involves an accountant obtaining data from various business transactions. Once they have the required data, they can start inputting it into a company’s financial systems. Most modern accounting systems process the data and prepare the result automatically. Accounting
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There are three concrete parts to the Balance sheet. The parts comprise assets, liabilities, and Equity. These three parts are also based on the accounting equation is: Shareholder’s Equity = Assets – Liabilities In simple words, the primary difference is that equity is the investors’ resources in the company, and assets are that of the
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Definition: Net Operating Assets can be defined as the assets within a business that is related to the operations of the business. It is defined as the difference between the operating assets of the company and the operating liabilities of the company. Net Operating Assets represent how many assets and liabilities the business has at
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