Content Periodic inventory FAQs What Is the Cost of Sales? Periodic LIFO The Benefits of a Periodic Inventory System NetSuite Can Help Provide Visibility Into Your Inventory A periodic inventory example Periodic inventory systems don’t continuously update inventory accounts to reflect individual sales. Instead, you manually edit these values at the end of your specified time interval. Because of this, […]
Content Amount: How Much Petty Cash Is Allowed? Benefits of Using Petty Cash for Your Small Business How to record Petty Cash? Determine who will manage petty cash How to Record a Cash Withdrawal in Accounting As this petty cash fund is established, the account titled “Petty Cash” is created; this is an asset on the balance sheet of many […]
Content What is Fixed Overhead? Delays- Disadvantage Of Manufacturing Overhead What is the predetermined overhead rate? How to Calculate Direct Labor Costs Example 1: Costs in Dollars Let’s assume it is December 2021 and DenimWorks is developing the standard fixed manufacturing overhead rate for use in 2022. As mentioned above, we will assign the fixed manufacturing overhead on the basis […]
Content From Burnout to Balance: How Alenia Passed Her CPA Exams Depreciation of Assets: What Asset Cannot Be Depreciated? Composite depreciation method Examples of Depreciable Assets You must continue to use the same depreciation method as the transferor and figure depreciation as if the transfer had not occurred. However, if MACRS would otherwise apply, you can use it to depreciate […]
Content Responsibilities of a Full Charge Bookkeeper Improve your resume’s success rate by using these Full Charge Bookkeeper skills and keywords. Related Job Titles for Full Charge Bookkeeper Final Thoughts on Full Charge Bookkeeping What skills do hiring managers want to see on a Full Charge Bookkeeper resume? Full Charge Bookkeeper Job Description Template (Free) What is a Full Charge […]
Let’s explore a few more examples of times interest earned ratio and what the ratio results indicate. When the time a right, a loan may be a critical step forward for your company. Startup firms and businesses that have inconsistent earnings, on the other hand, raise most or all of the capital they use by issuing stock. Once a company […]
Berman Hopkins Wright & LaHam believe in building relationships with each client. They want to get to know the people behind the numbers to better understand the business and create sound solutions. IRS Problem Resolutions, Lien Withdrawal, Levy Release, Offer-In Compromise, Tax Examinations and all IRS Collection matters. Please visit our resources page to learn what you should bring to your first […]
It’s also important to note that, unlike Bench, QuickBooks does not offer a pricing discount for opting for an annual subscription. In this Bench vs. QuickBooks comparison, we’ll break down these platforms in terms of features, pricing, and more so that you have Law Firm Bookkeeping and Accounting: A Completed Guide 2022 all of the information you need to determine […]
Content What are property taxes? How to Figure Your Property Tax Bill U.S. Property Taxes by State Report Local Option Tax Liabilities and Distributions Budget Process Home value versus property taxes when choosing where to buy Your local assessor will determine your home’s assessed value, which is likely to be less than its fair-market value. You may live in an […]
Content The Impact of Missing Closing Entries on Financial Statements Practice Questions: Types of Accounts Income Summary Accounts What Happens When a Business Revenue Account Is Closed? Generate a post-closing trial balance The ninth, and typically final, step of the process is to prepare a post-closing trial balance. The word “post” in this instance means “after.” You are preparing a trial […]
The School of Journalism and Mass Communication is hosting its annual Mass Comm Week, Oct. 2-6, 2023. This year, we have some amazing events both in person and online! Don’t miss out on the chance to look to the future and hear professionals discuss issues, trends and careers in mass media. Visit our Schedule page to learn more about each event and panel.