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Six SaaS contract patterns walked through with ASC 606 analysis, journal entries, and statement impacts. Monthly, annual prepay, multi-year, upgrades, downgrades.
ASC 606 revenue recognition for SaaS, explained in plain language. Walk the five-step model with a B2B contract, sample journal entries, and common mistakes.
Current assets minus current liabilities. What the number means, healthy benchmarks, and how clean books keep it reliable.
Inventory accounting tracks goods held for sale using perpetual or periodic systems and three costing methods that flow directly to COGS.
Gross profit = Revenue minus COGS. It sits at the top of your P&L and shows whether your core product or service actually makes money.
When a customer invoice won't get paid, bad debt expense is how it leaves your books. Here's the allowance method, direct write-off, and the AR aging workflow bookkeepers follow.
Amortization has two meanings in bookkeeping. Here's what each one means and how to record both correctly at month-end.
Accumulated depreciation is the running total of all depreciation charged against a fixed asset. It reduces the asset's carrying value on the balance sheet.
Owner's equity is what's left after liabilities. Here's how bookkeepers track it across sole props, LLCs, S-Corps, and C-Corps.
Net income is the bottom line of the P&L. Here's the formula, how it differs from gross profit and EBITDA, and where it flows at year-end close.
Every transaction in double-entry accounting lives in a journal entry. Here's what's in one, the 4 types bookkeepers use, and when to hand-key vs let software handle it.
Fixed assets are long-lived tangible items capitalized at cost. Here's how bookkeepers track them: FA register, addition entries, monthly depreciation, and disposal.