Latest Easy Accounting Topics

As we have discussed in our previous posts that there are several method of depreciation. One of them is Double Declining Balance method. It is an accelerated tactic to depreciate the fixed asset over its useful life. It is denoted by DDB. This concept is based on the view that in initial years, ass...
added on 30-Nov-2017
We have discussed Declining balance methodof depreciating the fixed asset in the past. But in this tutorial, we will focus on how we can do it with easy to use Microsoft Excel formula. Excel FormulaDeclining Balance DB( cost, salvage, life, period, [month] ) Where: cost = cost of the asset salvage =...
added on 30-Nov-2017
We have covered Pay Back Period in great detail. The process is not difficult and usually takes hardly 05 minutes. But, there are friends who want to know the exact years with decimal values. For them, we are sharing the Excel formula which you can use to find out PBP. You just need to enter initial...
added on 29-Nov-2017
Earning Per Share is a market value measure and is considered one of the important financial ratio. It is denoted by the symbol EPS. It is calculated by dividing the net profit after tax which is available to the ordinary shareholders by the number of ordinary shares outstanding. EPS is a market val...
added on 29-Nov-2017
In oder to better perform your work in accounting and finance, this is the dire need to grip your hands over Microsoft Excel Functions. The person who holds a strong grip over the formulas are given more chances of growth in any type of organization. The task which you do in plenty of hours, can be ...
added on 28-Nov-2017
The maximum amount of revenue which the Government earns from direct taxes comes from salaried individuals. In order to calculate the amount of tax liability, we need to memorize the slab rates which is not an easy task. Most of the time, we have to open up the books and manuals to check which rates...
added on 28-Nov-2017
Net Present Value (NPV) is a useful investment analysis technique which helps the management greatly in making informed decisions. Manual exercise of calculating NPV takes a time but thanks to Microsoft Excel that it can be done within a minutes. Things to require In order to calculate NPV using Exc...
added on 27-Nov-2017
In large organizations, the office staff and labour are found in huge quantity. In order to keep track of their attendance up to date is not an easy task. If the number of employees touches thousand, then it become the headache of the human resource staff to process the salaries and print the slips....
added on 27-Nov-2017
The time attendance machine is desgned in such a way that it records in and out from the office so many times. In this case, it becomes difficult to know that what is the first time and last time and he or she entered the office. This calculation is necessary for payroll processing and valuation of ...
added on 25-Nov-2017
Accounting is a vast field and as such has a lot of data available which you can use to generate various types of report as per your requirement. In this regard, if you can take support from Excel, it would be beneficial for you in many aspects. It will save your time, effort and reduces the chances...
added on 24-Nov-2017