Bookkeeping

Content Product Cost Management Work in Process Period Costs What is Manufacturing Overhead? How Are Production Costs Determined? What is Direct Labor? For example under absorption costing all the manufacturing costs whether variable or fixed, direct or indirect are treated as product costs. Whereas under marginal costingtechnique, only variable manufacturing costs are treated as product costs and fixed production overheads are treated as period costs. Decreased production costs, however, don’t automatically lead to more profit in the long run. Cutting […]

Content Resources for Your Growing Business How to Calculate Straight Line Depreciation (Formula) IRS Section 179, ASC 842, and the Impact on Lease vs. Buy Decisions Straight Line Depreciation: How To Calculate & Formula It is calculated for intangible assets as the actual cost less amortization expense/impairments. First and foremost, you need to calculate the cost of the depreciable asset you are calculating straight-line depreciation for. After all, the purchase price or initial cost of the asset will determine how […]

Content Our Services Why inventory valuation matters Which is the best inventory valuation method- FIFO Vs LIFO for your business? LIFO Liquidation Inventory Turnover Understanding LIFO and FIFO LIFO Method of Inventory Valuation: Explanation When a company selects its inventory method, there are downstream repercussions that impact its net income, balance sheet, and ways it needs to track inventory. Here is a high-level summary of the pros and cons of each inventory method. All pros and cons listed below assume […]

Contents: Veterans Employment & Training I-9, Employment Eligibility Verification Forms Filed with the Appropriate Income Tax Return Related to Employment Taxes: Government Contracts Citizenship and Immigration Services, will help you verify your employee’s identity and employment authorization. The documents posted on this site are XML renditions of published Federal Register documents. Each document posted on the site includes a link to the corresponding official PDF file on govinfo.gov. This prototype edition of the daily Federal Register on FederalRegister.gov will remain […]

Content Are you ready to find a school that’s aligned with your interests? Get The Skills To Be A Tax Preparation Professional Are you looking for a career in Accounting? Search top-tier programs curated by your interests. How Do You Qualify for CPB or CB Certification? To stay current, a CQA must complete 16 hours of CPE course credit each year. A bookkeeping service with at least one CQA accreditation assures clients that employees have advanced knowledge and skills in […]

Content Fact: The word “fizzle” started as a type of fart You Can Find Out How Much Time You Spend on Facebook Switzerland Has 208 Mountains and the Highest Peaks in Europe Facebook Users Will Follow a Brand to Get a Special Offer 30% of Twitter users say they visit the platform several times a day. The largest percentage can be found in Africa, where 98% of Facebook users are on mobile. American lawyer Martha Wright Griffiths helped push the […]

Content amortization Join Sage Example of How Amortization Affects Financial Statements See advice specific to your business What Heading Is the Capital Lease Reported Under on a Balance Sheet? Amortization (business) An amortization schedule typically involves regular payments over a particular time period. Essentially an extension of credit, https://business-accounting.net/ amortization allows people and businesses to make purchases that they don’t have funds available to pay in full. The cost of the asset is entered in a balance sheet account, with […]