Category Archives: Bookkeeping

What Is Allowance for Doubtful Accounts

Content Is the allowance for doubtful accounts important for your business? Allowance for Doubtful Accounts Journal Entry Example Accounts Receivable Aging Method Allowance for Doubtful Accounts is a ____ (temporary/permanent) account. Example of Writing off an Account Historical percentage It’s a contra asset account that reduces the total amount of accounts receivable on the balance… Read More »

Leverage Definition: What Is Leverage?

Content Does operating leverage vary by industry? What Is Operating Leverage? Leverage in Investing What Does a Leverage Ratio Tell You? How does financial leverage work? The Fixed-Charge Coverage Ratio Financial Planning: The Ultimate Guide Personal Growth You use the cash and securities in your margin account for collateral. Leverage trading works with options, margin,… Read More »

Hospital Chart of accounts, Healthcare Chart of Accounts PPT

Content Categories in your chart of accounts Set Your Practice Up for Success Decide on your primary accounts Deductions that are overlooked by medical practices Recent Activity Listed below are just a few of the tax issues that might affect medical practices. In the late 1970s, health maintenance organizations (HMOs) became more common form of… Read More »