My Love / Have With Technology: DropBox Edition

One of the many things that my mom didn’t have to deal with in the Winelda S. Bishop CPA days was having a cloud-based file storage system.I know this for a fact because one of the annual tasks that dad and I were pulled into involved this waterfall process where current year becomes prior year; […]

Why this formula: Sales – Profit = Expenses

Mathematically this formula is the same one we use for GAAP accounting with a little spin. What you may normally see is Sales – Expenses = Profit but throw algebra at it and you come up with the same thing: Sales – Profit = Expenses This one simple and remember, mathematically sound bit of manipulation […]