Bookkeeping Archives -

Contents: Perpetual vs. Periodic Inventory: What’s the Difference? Periodic Inventory System Definition Periodic inventory system What are the drawbacks of using a periodic inventory system? Characteristics of the Perpetual and Periodic Inventory Systems The periodic inventory system is current only after the stocktake has been done. Assumptions of COGS, products, and availability of the products […]

Content Sign up for more great construction accounting content on the JOBPOWER blog. The Anatomy Of A Balance Sheet Accrual method Are Construction Works-In-Progress a Current Asset? FAQs IAS plus The accounting for costs to arrange financing for the construction of a new capital project is specifically addressed by ASC 835, Interest. This type of […]

Contents: AccountingTools Manufacturing Overhead & Other Budgets Track Costs With One-Click Reports What Do Factory Overhead Costs Not Include? That’s territory for accountants, though, as depreciation has tax implications. These questions will help you figure out if you’ll need to raise or lower your budget this year. A fixed cost is a cost that does […]

Contents: What are the cut-off times for deposits? What are  Transactions in Accounting and the Methods of Transaction Records? #7. Example : Purchase of office equipment with cash Statement-Level Atomicity The Income Statement However, every time you invoice a customer, you automatically record an accounts receivable entry. For example, let’s say that you just invoiced […]

Contents: Elevation Tax Group SALT LAKE CITY BOOKKEEPING QuickBooks Desktop Introduction Financial Reporting CMP employs a knowledgeable team of bookkeeping professionals and payroll specialists that can assist you with your day-to-day accounting needs. Originally from northern Virginia, Laury moved to Utah 20 years ago and loves all that the Salt Lake area has to offer. […]

Content Get regular reports Xero Automated Billing, Payments, and Cash Flow Apply Finance Or Late Charges To In-House Accounts Choose the Right Accounting Software for Your Company Best Retail Accounting Software Compared Flexible Retail Accounting Products FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. […]

Content Access to Higher Education Nursing The Complete Xero Online Accounting and Bookkeeping 2023 and free e-Book Book-keeping : Bookkeeper Training Level 3 Essential Bookkeeping Certificate of Achievement Online Classroom AAT Level 2 Certificate in Bookkeeping You are exposed to advertisements when using Alison’s free version. But you can upgrade to a paid version for […]

Content Negative Amortization Limit How Does LendingTree Get Paid? Bret’s Amortization Calculator FAQ Short first period This can help you develop a payment strategy to further reduce your principal, which helps shorten your loan term. Finally, understanding how amortization works helps you know the true cost of borrowing money. Negatively amortizing loans helps students reduce […]

Content Are Operating Expenses Included in COGS? What are operating expenses? metrics that are closely related to your Chart of Accounts Examples of Compensation-Related Operating Expenses What are the 3 common categories of operating expenses? Definition of Operating Expenses Operating Expenses expenditures are assets that are purchased and have a multiyear life, and are used […]

Content How we reviewed this article: Other Benefits of CMMS are: What are the Benefits of CMMS? Built-in dashboards and real-time reporting deliver a complete, real-time view of your business’s performance, from a consolidated level down to the individual transactions. For inventory control or inventory management software to be truly effective, it needs to have […]