Archivi categoria : Bookkeeping

For example, an asset produces 1000 units in 350 days and remains idle for 15 days. In this case, depreciation will calculate based on 1000 units, i.e., only for 350 days. Depreciation for the idle period, i.e., 15 days, will not be calculated; hence...

You’re also required to fill out Part ii of the W-8BEN-E to provide further details on the third party. The primary difference between the W-8BEN and the W-8BEN-E is that the W-8BEN is intended for foreign individuals and sole proprietors, while the W-8BEN-E is...

Features include mileage tracking, basic reporting, income and expense tracking, capture and organize receipts and estimation of quarterly taxes. You have easy access to all the common financial statements like balance sheet, profit and loss (P&L) statement, cash flow statements and taxes filed. You can take a...

The sales journal, sometimes called the credit sales journal, is used to record all sales made on account. To create the sales journal entry, debit your Accounts Receivable account for $240 and credit your Revenue account for $240. No matter what kind of business you’re running,...

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Upgrading to a paid membership gives you access to our extensive collection...

However, the company is owed $90,000 and will still try to collect the entire $90,000 and not just the $85,200. Bad debt expenses are classified as operating costs, and you can usually find them on your business’ income statement under selling, general & administrative...

Now, let’s say that you’re considering investing in either Company A or Company B. Given that Company B has a higher book value per share, you might find it tempting to invest in that company. However, you would need the operations management...

To be honest, before I read the book, I wasn’t really convinced about throughput accounting – although the theory of constraints has always made perfect sense to me. But, having read about both in the context of a very believable plant that was representative...

Novo’s business banking integrates with QuickBooks to make it effortless to import, categorize, and track your income and expenses. After connecting your credit card account, it may take a few minutes or a couple of hours for QuickBooks Online to import your transactions....

Similarly, each product backlog should have a dedicated project team. A backlog is essentially a ‘to-do’ list of smaller tasks, all of which need to be completed within a project or sprint. Crucially, a backlog is organized in priority order, so teams always know what they need to...