Bookkeeping

In this journal entry, the company deducts $1,300 from the inventory balances and recognizes it as the cost of goods sold immediately after making sale on October 15, 2020. Likewise,…

Unlock the power of the cloud when you migrate your on-premise Sage 100 Contractor system to a safe, protected and private environment with SWK Technologies. Devoted bookkeepers keep up with…

Whether the topic is significant what does mm mean in money sums of money or a massive quantity of something, it’s common to use abbreviations when writing out large numbers…

QuickBooks Online also offers more automation features, which might be a better fit for small businesses — the more tasks you can delegate to the software, the more efficient your…

Notice that fixed overhead remains constant at each of the production levels, but variable overhead changes based on unit output. If Connie’s Candy only produced at \(90\%\) capacity, for example,…

​The FASB and IASB are nearing the end of their journey toward enhancing lease accounting. One of the primary objectives of leases project is to address the current-off-balance-sheet financing concerns…

Wave Money is a free business bank account that integrates with your Wave account for easy bookkeeping and faster payments. It comes with no monthly fees and no minimum, and…

An ITIN may be assigned to an alien dependent from Canada or Mexico if that dependent qualifies a taxpayer for a child or dependent care credit (claimed on Form 2441).…

Conversion cost, as the name implies, is the total cost that a manufacturing entity incurs to transform or convert its direct materials into salable or finished product. Typically, it is…

A sinking fund is generally placed under the control of a trustee or agent who is independent of the entity that established the fund. The amount, which represents a part…