Accounting
Everything you need to know about closing your books accurately and on time. Meet the next generation of accountants driving the profession forward.
ArticleGuide to accounting for credit card rewards
Matt Vickers
Director of Product, Ramp
Latest
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Last in, first out (LIFO): Definition, formulas, and examples
Last in, first out (LIFO) expenses your newest inventory costs first, cutting taxable income during inflation. It’s a US-only method with IRS rules.
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Amortization vs. depreciation: Key differences explained
Depreciation spreads a tangible asset’s cost over its useful life; amortization does the same for intangibles like patents, trademarks, and customer lists.
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Account reconciliation: What it is and how it works
Account reconciliation is the process of comparing internal financial records to external statements to confirm every transaction is accurate and complete.
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The 3 key financial statements and what each one measures
The 3 key financial statements, income statement, balance sheet, and cash flow statement, show whether you're profitable, what you own, and where cash went.
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Sales tax accounting: How to record, track, and remit it
Sales tax accounting records tax collected from customers as a liability owed to the state, not revenue. Journal entries, use tax & remittance tie it together.
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How to calculate debt service coverage ratio
Calculating debt service coverage ratio means dividing operating income (EBITDA or NOI) by total debt service. Lenders view a DSCR above 1.25 as healthy.
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