Bookkeeping

Being able to have a constant awareness of how much inventory in stock you have is key to running your business properly. Especially when it comes to your inventory balance to ensure you don’t overorder or run out after an inventory transaction. Utilizing good accounting software can hugely help with this process. What Can Inventory […]

However, since budgets are made at the start of the period, they do not allow the business to use actual results for planning or forecasting. Therefore, the business must use a predetermined overhead rate to budget its expenses for the future. To calculate their rate, the marketing agency will need to add up all of

Obtain the required documentation for each dependent listed on the cover sheet. Eligible dependent grandchildren under the age of 25 may be covered if you claimed the grandchild as a tax dependent on your Federal Income Tax return in the first year you covered him or her and have covered him or her ever since.

The total production and selling costs are the expenses required to facilitate the trade. When using NRV calculations for cost accounting, these expenses are the separable costs that can be identified or allocated to each good. Alternatively, this “expense” may be the anticipated write-off amount for receivables or expenses incurred to collect this debt. In

If it’s not reimbursed quickly enough though, it can cause a domino effect of cash flow problems. To properly record and track retainage, you’ll need to include an account for retainage receivables on your company’s Chart of Accounts. Next, make sure all retainage is accurately represented on your balance sheet. Job costing is the practice

According to Krebs on Security, many more could have fallen victim as well. Bancorp spokeswoman Dana Ripley released in a statement to SC Magazine that though the issue probably reached as many as two percent of the company’s workforce, it was no longer a concern and had been resolved. Stu Sjouwerman (pronounced “shower-man”) is the