Accounting

What Is A Suspense Account?

Content Services Suspense Accounts Words Nearby Suspense Account The Difference Between A Suspense Account And A Clearing Account How Are Suspense Accounts Used In The Real World? In branchless banking – banking through mobile for unbanked – these accounts are used for ‘money-in-transit’. For example, sender sends payment from US ACH account to a BB mobile number in Japan. The customer receives an alert on… Read More »What Is A Suspense Account?

Why Is Unearned Revenue A Liability?

Content Our Services Accounting 101: Deferred Revenue And Expenses Steps To Become Financially Stable Deferred Revenue Vs Revenue Backlog Free Accounting Courses How To Record Accrued Revenue Some insurance companies have used this concept of float as a major profit driver. Unearned revenue represents a business liability that goes into the current liability section of the business’ balance sheet. ProfitWell Recognized allows you to customize… Read More »Why Is Unearned Revenue A Liability?

Contribution Margin

Content Contribution Margin Calculator Contribution Margin Video How Do You Calculate Contribution Margin Ratio? Contribution Margin Definition Business Plan Variable Costs Another example of a variable cost is paying an employee a commission versus a salary pay. The amount of commission an employee receives varies on how many sales they make. Furthermore, employers can structure sales commissions to have less variable costs. Sound investing and… Read More »Contribution Margin