Archivi della categoria:Bookkeeping

You can use a firm or work with accounting software for your business needs. With Live Expert Full-Service Bookkeeping we pair you with a dedicated bookkeeper who will bring your books up to date and then manage your monthly books for you, so you can focus on your business. They can also send PDF copies […]

It simplifies the process of importing products by offering you the best shipping prices. Felxport also gives you a ton of control over the end-to-end supply chain including customs, tariffs, and real-time shipment tracking. While Wave’s base accounting software is free, add-on services such as credit card payment processing will cost extra. The LinkMyBooks accounting […]

Under the expense recognition principle, the company records rent expense for each month in the period it pertains to, even if the payment is made in advance or arrears. On January 31st, the company records rent expenses for January, regardless of whether the payment was made in January or February. Most importantly, human error or […]

Calculating the project burn rate in Excel requires a good understanding of certain Excel functions that are crucial for this calculation. In this chapter, we will discuss the necessary Excel functions and how to use them for project burn rate calculation. At Projectworks, we recognize the importance of understanding and tracking a project’s burn rate, […]

Ultimately, investors should look at a company’s dividend history, financial health, and growth prospects to determine whether a particular payout ratio is appropriate. Additionally, the Fund seeks to provide shareholders that hold Shares for the entire Outcome Period with a buffer (the “Buffer”) against the first 15% of Underlying ETF losses during the Outcome Period. […]

By delaying revenue recognition until after you complete a project, you can also defer the recognition of related income tax. With the completed contract method, you recognize revenue only after completing a project. Construction companies often use this method for short-term contracts, especially those where contract costs can be hard to estimate. Milestone payments are […]

In addition to sales returns, the most common contra revenues are sales discounts and sales allowances. Sales allowances are price reductions offered to persuade customers to accept merchandise with damage or minor defects not serious enough to warrant a return. When a contra asset account is first recorded in a journal entry, the offset is […]

One such metric is cost per unit, or the total cost of producing a product or service. For example, if a company produces and sells 2,000 units for a sale price of $10 and a per-unit cost is $8 for each unit. Examples of fixed costs include insurance, office rent, administrative costs and salaries, overhead […]

NACPB offers practice exams that take the format of the real exam to help candidates see whether they can pass the exam based on their knowledge and work experience. The practice tests are free, so you can take them to see if you are ready to take the certification exam or have an idea of […]

Content AccountingTools You must cCreate an account to continue watching Streamline the production process Direct labor Overhead Product Final thoughts on product and period costs Examples of product costs include the cost of raw materials used, depreciation on plant, expired insurance on plant, production supervisor salaries, manufacturing supplies used, and plant maintenance. The two calculations give […]