Kategori: Bookkeeping

Whether you are a manufacturer, production manager, or simply interested in learning more about inventory management, this article will provide you with the information you need about WIP inventory. If a manufacturer is constantly starting and stopping production, it can be costly and inefficient. With some WIP on hand, manufacturers can keep the assembly line…

Listed below are some of the key differences between cash and accrual accounting. If the company receives an electric bill for $1,700, under the cash method, the amount is not recorded until the company actually pays the bill. However, under the accrual method, the $1,700 is recorded as an expense the day the company receives the bill.…

Pro-forma earnings describe a financial statement that has hypothetical amounts, or estimates, built into the data to give a “picture” of a company’s profits if certain nonrecurring items were excluded. Pro-forma earnings are not computed using standard generally accepted accounting principles (GAAP) and usually leave out one-time expenses that are not part of normal company…

In many models, a cost-benefit analysis will also factor the opportunity cost into the decision-making process. Opportunity costs are alternative benefits that could have been realized when choosing one alternative over another. In other words, the opportunity cost is the forgone or missed opportunity as a result of a choice or decision. Break projects into simple…

(ii) If the gain recognition election had not been made, S would have taxable income of $30,000 for 2001 and a tax liability of $4,500. If the gain were not taken into account, S would have no tax liability for the taxable year. Thus, the amount of tax (other than the tax imposed under paragraph…

Capture customer information such as name, city, visit history, birthday, anniversary or other special life events to support marketing campaigns and segment customers by preferences and spending levels. Running a successful massage therapy practice requires more than just great technique. The other three scheduling companies were not customized to massage & the customer service was…

This is posted to the Cash T-account on the credit side beneath the January 18 transaction. This is placed on the debit side of the Salaries Expense T-account. In the last column of the Cash ledger account is the running balance. Despite layoffs, the job market for entry-level workers remains competitive as employers fight for…

Current liabilities could also be based on a company’s operating cycle, which is the time it takes to buy inventory and convert it to cash from sales. Current liabilities are listed on the balance sheet under the liabilities section and are paid from the revenue generated from the operating activities of a company. Liability accounts…

Content Select A Country How Do You Void A Check In Quickbooks? How To Void A Check And When To Use One? How Do I Get A Voided Regions Check? When void On A Check Doesnt Mean A Thing: Money Matters They ask for this because a check has all the information your employer needs…

Content Unclaimed Property Postponing Taxes: Sell Now, Pay Later Apply for a Loan Small Business Survival Book Unemployment Insurance Tax Base You can prepare the tax return yourself, see if you qualify for free tax preparation, or hire a tax professional to prepare your return. The process of selecting a return for examination usually begins…