Recent Articles From EvanCarmichael.com http://www.evancarmichael.com/ http://www.evancarmichael.com/Accounting/3600/Understanding-the-Bottom-Line.html http://www.evancarmichael.com/Accounting/3600/Understanding-the-Bottom-Line.html What’s there to understand? The bottom line is the last line on the Profit & Loss (P&L) statement and it is either a profit or a loss. That’s all you need to know, isn’t it? Yes, it is important to know whether you are making a profit or losing money, but understanding how financial statements work is knowing the nature of each account and how it fits into the scheme of things. This article provides a broader understanding of the bottom line. http://www.evancarmichael.com/Accounting/3600/Working-With-Accounts-Receivable.html http://www.evancarmichael.com/Accounting/3600/Working-With-Accounts-Receivable.html A brief explanation of the mechanics of how the accounting of an accounts receivable systems works. http://www.evancarmichael.com/Accounting/3600/Valuing-Goodwill--A-PiginaPoke.html http://www.evancarmichael.com/Accounting/3600/Valuing-Goodwill--A-PiginaPoke.html This article discusses what goodwill is, how it is valued and gives an example of how it is applied in a certain case. http://www.evancarmichael.com/Accounting/3600/The-General-Journal--Your-Most-Versatile-Accounting-Tool.html http://www.evancarmichael.com/Accounting/3600/The-General-Journal--Your-Most-Versatile-Accounting-Tool.html A brief explanation of what a general journal entry is and how it used in the bookkeeping process. http://www.evancarmichael.com/Accounting/3600/The-Bank-Reconciliation--Your-Most-Important-Navigational-Tool.html http://www.evancarmichael.com/Accounting/3600/The-Bank-Reconciliation--Your-Most-Important-Navigational-Tool.html A discussion as to why the bank reconciliation is the heart of your business bookkeeping and how it serves as an important tool in monitoring cash. http://www.evancarmichael.com/Accounting/3600/The-Accounting-Model--Accountings-Rosetta-Stone.html http://www.evancarmichael.com/Accounting/3600/The-Accounting-Model--Accountings-Rosetta-Stone.html A brief but clear explanation of how debits and credits work. http://www.evancarmichael.com/Accounting/3600/NonProfit-Organizations--What-Are-They.html http://www.evancarmichael.com/Accounting/3600/NonProfit-Organizations--What-Are-They.html A brief discussion regarding the nature of non-profit organizations and how their accounting is organized. http://www.evancarmichael.com/Accounting/3600/Internal-Control--A-Preventive-Maintenance-Program.html http://www.evancarmichael.com/Accounting/3600/Internal-Control--A-Preventive-Maintenance-Program.html A discussion of what “internal control” is, why it is important and some suggestions as to used internal control procedures when handling cash. http://www.evancarmichael.com/Accounting/3600/DoubleEntry-Accounting--A-Place-to-Start.html http://www.evancarmichael.com/Accounting/3600/DoubleEntry-Accounting--A-Place-to-Start.html A brief explanation of double-entry accounting and the framework upon which it is based. http://www.evancarmichael.com/Accounting/3600/CPAs-vs-NonCertified-Accountants-Clearing-up-the-confusion.html http://www.evancarmichael.com/Accounting/3600/CPAs-vs-NonCertified-Accountants-Clearing-up-the-confusion.html A discussion about the difference between CPAs and non-certified accountants in terms of their educational background and services they can or cannot perform for the public.