Tag: quickbooks certified bookkeeper

What is gross profit?

In bookkeeping and accounting, gross profit, often referred to as gross income or gross margin, is a financial metric that represents the difference between a company’s total revenue from sales

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What is free cash flow?

In bookkeeping and accounting, free cash flow (FCF) is a financial metric that represents the amount of cash generated by a company’s operations after accounting for all cash outflows required

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What is a fixed cost?

In bookkeeping and accounting, a fixed cost refers to an expense that does not change in total amount as the level of production or business activity varies within a relevant

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What are fixed assets?

In bookkeeping and accounting, fixed assets, also known as property, plant, and equipment (PP&E), are tangible, long-term assets that a business uses in its operations to generate revenue. Fixed assets

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What is the fiscal year?

In bookkeeping and accounting, the fiscal year (FY) is a 12-month accounting period that a business or organization uses for financial reporting and tax purposes. The fiscal year does not

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What is a financial statement?

In bookkeeping and accounting, a financial statement is a formal, structured report that summarizes the financial activities and financial position of a business or organization over a specific period of

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