Available for Android and iOS devices, it contains many features available in the browser-based desktop interface, making it one of our best mobile accounting apps. It also allows you to create and send invoices on the go, receive payments from customers, assign expenses to customers or projects, and view.

This method often is used if an asset is expected to lose greater value or have greater utility in earlier years. Some companies may use the double-declining balance equation for more aggressive depreciation and early expense management. There are various depreciation methodologies, but the two most common types are.

We now return to our company example of Printing Plus, Lynn Sanders’ printing service company. We will analyze and record each of the transactions for her business and discuss how this impacts the financial statements. Some of the listed transactions have been ones we have seen throughout this chapter..

Reading online customer reviews is another great way to gauge a services’ performance. Websites like Trustpilot, G2, and GetApp are great for comparing different services and software. That’s why it’s important to do your research, read online reviews, and ask friends what services they use. They can also help.

It is highly useful for investors to get an actual view of a company’s equity value. As earlier said, any equity or stock trading for less than its tangible book value is a good one for value investors. Book value is good if one wants to get a better.