Accounting

Accounting

  • Accounts Payable

    SimpMe Says The accounts payable represents any short –term obligations that an organization is required to cover.  These obligations usually date as far back as one year and it is critical that a company makes sure that they meet these duties.  If a company consistently fails to cover its accounts payable, they will lose creditability. […]

  • Accounts Receivable

    SimpMe Says Accounts receivable are any assets that are owed to another company.  Receivables can be found on a company’s balance sheet and the time it takes to cover the amount owed on these receivables varies. If company B sends a product to company A and is waiting for company A to send them cash, […]

  • Accounts Receivable

    SimpMe Says Accounts receivable are any assets that are owed to another company.  Receivables can be found on a company’s balance sheet and the time it takes to cover the amount owed on these receivables varies. If company B sends a product to company A and is waiting for company A to send them cash, […]

  • Accounts Receivable

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    SimpMe Says Accounts receivable are any assets that are owed to another company.  Receivables can be found on a company’s balance sheet and the time it takes to cover the amount owed on these receivables varies. If company B sends a product to company A and is waiting for company A to send them cash, […]

  • Balance Sheet

    SimpMe Says Chipotle burritos and bowls are delicious meals especially when you are starving for food. What makes the food even better is throwing some of Chipotle’s famous guacamole right on top. Chipotle must purchase expensive equipment like fridges, ovens, and dishwashers in order to provide consumers with food they cherish. In addition, Chipotle may […]

  • Cash Flow

    SimpMe Says OVOSOUND has become one of the hottest record labels, brands, and culture shifters within the music industry. The entire OVO team is comprised of heavy hitters that are truly passionate about music and transforming the game. OVO was founded by Drake, Noah “40” Shebib, and Oliver El-Khatib and each one of these guys […]

  • Cost of Goods Sold

    SimpMe Says The PlayStation 4 is one of the most popular video game consoles on the market right now. Gamers of all ages will purchase Call of Duty, Madden, and NBA 2K with every intention to commit 10 hours a day to their television screens. As long as Sony continues to manufacture PlayStations, fans will […]

  • Depreciation

    SimpMe Says In August, Colin is buying textbooks for the upcoming school year. When Colin goes to the store, he spends $100 on his brand-new Chemistry textbook – the book is in perfect condition! Over the course of the year, Colin highlights important passages, writes in the margins, and even accidentally tears a page! When […]

  • Discounted Asset

    SimpMe Says Chris Hogan was a valuable pick up for the New England Patriots this past season. Hogan bounced around within the league before finding a home at Gillette Stadium. He made an immediate impact during his Patriot debut and the chemistry between him and Brady was beautiful to watch if you are an avid […]