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Reviewed by Margaret JamesFact checked by Yarilet Perez The gross profit margin helps determine how well a company generates revenue from the cost of producing goods and services. Gross profit margin equals the percentage of revenue that exceeds the cost of goods sold (COGS). The higher the percentage, the more efficient the company generates profit for every dollar of the applicable…
Reviewed by JeFreda R. BrownFact checked by Vikki Velasquez A general ledger acts as a record of all of the accounts in a company and the transactions that take place in them. Balancing the ledger involves subtracting the total number of debits from the total number of credits. To correctly calculate credits and debits, you…
Reviewed by Somer AndersonFact checked by Vikki Velasquez GAAP vs. Non-GAAP: An Overview Generally accepted accounting principles, usually called GAAP, are the rules that accountants for public companies in the U.S. must follow to make sure that the numbers they report to the company’s investors are clear and accurate. GAAP rules are intended to prevent company…
