Accounting term of the week! This weeks is 'Liabilities' Debts owed by a business e.g. Loans, credit cards. http://www.crsaccounting.co.uk/cloud-accounting

Accounting term of the week! This weeks is 'Dividends' Amount paid to a shareholder, out of a company's post tax profits, as a reward for investment in the company. The amount of dividend paid is proportionate to the number of shares held. http://www.crsaccounting.co.uk/cloud-accounting

Accounting term of the week! This weeks is 'Cash flow projections' Statements of cash expected to flow into and out of a business over a particular period. http://www.crsaccounting.co.uk

Accounting term of the week! This weeks is 'Expenses' Generally the running costs of a business, e.g. mobile phone bills, travel costs, postage fees. http://www.crsaccounting.co.uk/cloud-accounting

Accounting term of the week! This weeks is 'Depreciation' The apportionment of the cost (or value) of a fixed asset against profits over its useful life. http://www.crsaccounting.co.uk/

Accounting term of the week! This weeks is 'Fixed asset' An asset that is held by an enterprise for use in the production or supply of goods or services, for rental to others, or for administrative purposes on a continuing basis in the reporting entity's activities. Examples are equipment, vehicles, land and buildings. http://www.crsaccounting.co.uk/cloud-accounting

Accounting term of the week! This weeks is 'Intangible Fixed Asset' An asset, such as a right, that cannot be touched (e.g. a trademark or Goodwill). http://www.crsaccounting.co.uk

Accounting term of the week! This weeks is 'Goodwill' The Excess of the fair value of a business and the value of the underlying assets recorder in the accounts. All see Intangible next week! http://www.crsaccounting.co.uk/cloud-accounting

Accounting term of the week! This weeks is 'Drawings' Cash taken for personal use, in sole trader or partnership business, treated as a reduction of ownership interest. http://www.crsaccounting.co.uk/cloud-accounting

At the Intuit QuickBooks event in Leeds! Looking forward to instilling even more QBO knowledge on my clients.

Accounting term of the week! This weeks is 'Current liability' A Current liability is expected to be settled within the normal operating cycle, generally within 12 months after the balance sheet date. https://www.crsaccounting.co.uk/