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Key finance & accounting terms explained

Explore explanations of key terms and concepts, crafted to enhance your financial literacy and decision-making.

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Straight-line depreciation: Definition, formula, and examples

Straight-line depreciation: Definition, formula, and examples

Straight-line depreciation is a widely used method that allocates the cost of an asset evenly over its useful life. Learn how to use the formula and more.

Netgain
Dec 4, 2024
ROU asset and lease liabilities: Everything you need to know

ROU asset and lease liabilities: Everything you need to know

Learn how right-of-use (ROU) assets and lease liabilities impact your financial statements and why ROU assets matter for businesses managing leases.

Netgain
Nov 14, 2024
Fixed assets: Definition, examples, and accounting basics

Fixed assets: Definition, examples, and accounting basics

Learn the basics of fixed assets, why they’re important to your business, and how to account for them accurately in your financial statements.

Netgain
Oct 2, 2024
Month-end close: Definition, best practices, and resources

Month-end close: Definition, best practices, and resources

This post covers everything you need to know about the month-end close process, from the basics to best practices for a smooth close (plus a free checklist).

Netgain
Jul 31, 2024
Real Estate Depreciation: A comprehensive guide for accountants

Real Estate Depreciation: A comprehensive guide for accountants

Delve into the world of real estate depreciation with this comprehensive guide. Learn why it matters and how it can transform your financial practices.

Netgain
Nov 29, 2023
Asset useful life: Definition and accounting basics

Asset useful life: Definition and accounting basics

This technical article will delve into the depths of asset useful life, covering its definition, significance, and functionality.

Netgain
Nov 26, 2023
Intangible assets: A comprehensive guide for accountants

Intangible assets: A comprehensive guide for accountants

This article delves into the intricacies of recognizing, measuring, and disclosing intangible assets, addressing potential pitfalls accountants may face.

Netgain
Nov 6, 2023
Double-declining balance method: Definition, benefits, and accounting basics

Double-declining balance method: Definition, benefits, and accounting basics

Discover the definitions, benefits, and calculation of double declining balance method, a depreciation technique that accelerates asset cost allocation.

Netgain
Nov 6, 2023
Equipment depreciation: A comprehensive guide for accountants

Equipment depreciation: A comprehensive guide for accountants

This post will delve into the technical aspects of equipment depreciation, addressing common questions and providing insights to improve your understanding.

Netgain
Nov 6, 2023
Rental property depreciation: A comprehensive guide for accountants

Rental property depreciation: A comprehensive guide for accountants

Master the art of rental property depreciation. Get the lowdown on the complexities, tax benefits, and alternatives for managing property investments.

Netgain
Nov 6, 2023
Equipment finance: Definition and accounting basics

Equipment finance: Definition and accounting basics

Equipment finance is a financial arrangement that helps businesses acquire necessary equipment without paying the full cost upfront. Learn the basics.

Netgain
Nov 6, 2023
Leasehold Improvement Depreciation Life

Leasehold Improvement Depreciation Life

In this post, we cover everything you need to know about leasehold improvement depreciation life, from its definition to its benefits and alternatives.

Netgain
Nov 6, 2023
Leasehold improvements: A comprehensive guide for accountants

Leasehold improvements: A comprehensive guide for accountants

Leasehold improvements encompass modifications, enhancements, or alterations made to a leased space by the tenant or lessee. Learn how they work and more.

Netgain
Nov 6, 2023
Debits and credits: Definition, examples, and accounting basics

Debits and credits: Definition, examples, and accounting basics

Understand the fundamentals of debits and credits in accounting. Learn how these essential concepts form the foundation of double-entry bookkeeping.

Netgain
Sep 11, 2023
Order-to-cash: Definition, examples, and accounting basics

Order-to-cash: Definition, examples, and accounting basics

Discover the process of order-to-cash, a fundamental business cycle encompassing order processing, inventory management, invoicing, and payment collection.

Netgain
Sep 9, 2023
Depreciation journal entries: Definition, benefits, and examples

Depreciation journal entries: Definition, benefits, and examples

Depreciation journal entries, a cornerstone of accounting, empower businesses to accurately spread the cost of assets over their lifespan. Learn the basics.

Netgain
Sep 9, 2023
Accounts receivable aging reports: Benefits and how to create them

Accounts receivable aging reports: Benefits and how to create them

Gain valuable financial insights, streamline collections, and forecast cash flow for your business. Learn how to leverage accounts receivable aging reports.

Netgain
Sep 9, 2023
Prepaid expenses: Definition, examples, and basics

Prepaid expenses: Definition, examples, and basics

This post delves into prepaid expenses, providing a clear understanding of their mechanisms, significance, benefits, potential drawbacks, and alternatives.

Netgain
Sep 9, 2023
Temporary accounts: Definition, examples, and basics

Temporary accounts: Definition, examples, and basics

Temporary accounts, also known as nominal accounts, refer to accounts closed at the end of each accounting period. Learn the basics and best practices.

Netgain
Sep 9, 2023
Adjusting entries: Definition, examples, and basics

Adjusting entries: Definition, examples, and basics

Learn how adjusting entries guarantee accurate financial statements, streamline processes, and pave the way for automation with our comprehensive guide.

Netgain
Sep 9, 2023
Accounts receivable journal entry: An accounting guide

Accounts receivable journal entry: An accounting guide

dive into ins and outs of the accounts receivable journal entry, from understanding how it works and why it's crucial to exploring its benefits and pitfalls.

Netgain
Sep 9, 2023
Intercompany accounting: Definition, examples, and basics

Intercompany accounting: Definition, examples, and basics

This post explores the intricacies of intercompany accounting, how it works, its relevance, advantages, disadvantages, and alternative methods.

Netgain
Sep 9, 2023
Financial reconciliation: Definition, examples, and accounting basics

Financial reconciliation: Definition, examples, and accounting basics

Financial reconciliation refers to the process of comparing and matching financial records to ensure consistency and accuracy. Learn the basics and more.

Netgain
Sep 9, 2023
Intercompany transactions: Definition, examples, and basics

Intercompany transactions: Definition, examples, and basics

Learn the basics of intercompany transactions in business operations. Discover how these transactions streamline financial reporting within corporate groups.

Netgain
Sep 9, 2023
Mastering bad debt expense: A guide for accountants

Mastering bad debt expense: A guide for accountants

Delve into the intricacies of bad debt expense, its importance in financial accounting, and how it can impact your business with this comprehensive guide.

Netgain
Aug 3, 2023
Cash flow forecast: A complete guide for accountants

Cash flow forecast: A complete guide for accountants

In this post, we delve into the intricacies of cash flow forecasting, exploring its significance, benefits, and how it aids in financial decision-making

Netgain
Aug 3, 2023
Days sales outstanding: Definition, examples, and accounting basics

Days sales outstanding: Definition, examples, and accounting basics

Learn how to simplify and automate your accounts receivable processes with a focus on Days Sales Outstanding (DSO). Discover effective strategies…

Netgain
Aug 3, 2023
Bank Reconciliation: Simplify And Streamline Your Accounting Processes

Bank Reconciliation: Simplify And Streamline Your Accounting Processes

Our comprehensive guide will take you through the complexities of bank reconciliation and explain its significance in maintaining accurate accounts. 

Netgain
Aug 3, 2023
Journal entry: Definition, examples, and the basics

Journal entry: Definition, examples, and the basics

Take a deep dive into the intricacies of journal entries, explore their importance, benefits, and downsides, and even discuss alternative methods.

Netgain
Aug 3, 2023
Lessor vs. lessee: Understanding the key differences

Lessor vs. lessee: Understanding the key differences

Confused between lessor and lessee? Gain clarity with our comprehensive guide. Understand the roles, rights, and responsibilities of lessors and lessees.

Netgain
Aug 3, 2023
Netgain on: Accounts receivable

Netgain on: Accounts receivable

Discover the importance of accounts receivable in business. Read on to learn how to optimize cash flow and maintain healthy customer relationships.

Netgain
Aug 2, 2023
ASC 842: Everything accountants need to know

ASC 842: Everything accountants need to know

Discover the ins and outs of the lease accounting standard ASC 842. Learn how ASC 842 revolutionizes lease management, compliance, and financial reporting.

Netgain
Aug 1, 2023
Financial statement: Definition, examples, and accounting basics

Financial statement: Definition, examples, and accounting basics

dive deep into the concept of financial statements, exploring their importance, how they work, their benefits, potential downsides, and more.

Netgain
Aug 1, 2023
Cash flow: Definition, benefits, and strategies

Cash flow: Definition, benefits, and strategies

Discover the importance of cash flow and its impact on financial health. Learn how cash flow works, its benefits, challenges, and alternatives. Simplify and…

Netgain
Aug 1, 2023
Working capital: Definition, benefits, and strategies

Working capital: Definition, benefits, and strategies

Working capital represents the amount of liquid assets a company has. Discover the importance of working capital and how it influences your business.

Netgain
Aug 1, 2023
Netgain on: Chart of accounts

Netgain on: Chart of accounts

A chart of accounts is a list of all the accounts used by a business to classify financial transactions. Learn about how it helps organize financial data.

Netgain
Jul 12, 2023
Netgain on: Balance sheet

Netgain on: Balance sheet

A balance sheet provides a snapshot of a company's assets, liabilities, and equity. Learn what goes into a balance sheet and how to read one.

Netgain
Jul 11, 2023
Netgain on: Remittance

Netgain on: Remittance

Remittance refers to any money transfer made from one person or organization to another. Learn the basics and how processes have become more efficient.

Netgain
Jul 11, 2023
Netgain on: General ledger

Netgain on: General ledger

The general ledger serves as the central repository for an organization's financial transactions. Learn the basics and more in this comprehensive guide.

Netgain
Jul 11, 2023
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