Bookkeeping

However, accounting plays a key role in the strategic planning, growth, and compliance requirements of a company. Tax accountants overseeing returns in the United States rely on guidance from the Internal Revenue Service. Federal tax http://www.lngjewelry.com/ returns must comply with tax guidance outlined by the Internal Revenue Code (IRC). Luca Pacioli is considered “The Father …

Basic Accounting Terms and General Principles Guide Read More »

For example, if the minimum required return of a project is 12% and ARR is 9%, a manager will know not to proceed with the project. If you’re making a long-term investment in an asset or project, it’s important to keep a close eye on your plans and budgets. Accounting Rate of Return (ARR) is …

ARR Accounting Rate of Return Read More »

Most months contain three full weeks, as well as enough extra days to bring the total up to 30 or 31 days. The key to this puzzle lies in the meanings of the prefixes semi- and bi-. Get up and running with free payroll setup, and enjoy free expert support. But what about when you’re …

Semi-monthly vs bi-weekly pay: What’s the difference? Read More »

Employees who are paid semimonthly always receive two paychecks per month. Companies that run payroll with a biweekly frequency dole out a total of 26 paychecks per year. Companies that use semimonthly pay give employees 24 paychecks per year. Choosing between bi-weekly and semi-monthly pay schedules depends on the specific needs of the organization and …

Semi-Monthly vs BI-Weekly Payroll: Whats the Difference? Read More »

Direct materials are the raw materials that end up in your final product, but not all raw materials have the same fate. If you’re hankering for more direct materials analysis, run a materials quantity variance. If you’re hankering for more direct materials analysis, run a materials quantity variance. We now have all the numbers needed to …

How to Calculate Direct Materials Cost? Read More »

You can also set up referral capture solutions to make it easier for existing clients to share information about your services within their network. However, with a growing number of bookkeepers entering the market, competition for clients is fierce. Therefore, standing out from https://www.bookstime.com/ the crowd is essential to grow the practice. As we mentioned above, you …

How to get bookkeeping clients: the complete guide Read More »

Net credit sales are calculated as the total credit sales adjusted for any returns or allowances. They offer credit sales for their customers, and in the fiscal year ending December 31st, 2019, recorded $2,000,000 in annual credit sales, with returns of $50,000. This way, businesses will have more capital at disposal which can then be …

Accounts Receivable Turnover Ratio: Definition & Formula Read More »

All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly. Our timesheet feature is a secure way to track the cost and the time your team is putting into completing their tasks. You can even set reminders for timesheets to make sure that everything runs smoothly. These …

How to Calculate Applied Overhead Read More »