Bookkeeping

Use this template to calculate your total manufacturing costs by filling in your specific values. Both of these figures are used by manufacturers to evaluate the total costs of running their business. For the company to be profitable, the revenue it makes must be more than the total expenses for […]

If you haven’t set up an email account in your phone’s Settings, do that first. Then open the record and tap the preview button to view the record before you send it. Download the iOS or Android mobile app, install on your phone or tablet, and sign in using your QuickBooks account details. The […]

The cost of your office rent would be considered overhead because it’s something you have to pay regardless of how many t-shirts you sell. A good rule of thumb is to ask yourself if the cost will be incurred regardless of how much product you’re making. If you’d like to learn […]

This is important—not only to make sure no income is missing and everything is reported only once. It also matters because it helps you ensure that your receivables and payables accurately match what has occurred in the business. Another way to skip the tedious process is by accepting credit cards […]

It’s available in preloaded syringes, known as epinephrine auto-injectors (e.g., EpiPen). If your doctor prescribes an epinephrine auto-injector, you should carry it with you at all times. Then go to your nearest emergency department for follow-up care. Can you suddenly develop an alcohol allergy? Combining alcohol with certain medications also […]

Bad construction bookkeeping bookkeeping leads to worthless financial reports which eventually destroy your construction company. We have seen a number of divorces and broken relationships over the past 30+ years because a contractor thought construction bookkeeping services was simply “pushing keys on a keyboard” which they sincerely believe anybody, even […]

However, if the overhead rate is computed annually based on the actual costs and activity for the year, the manufacturing overhead assigned to any particular job would not be known until the end of the year. For example, the cost of Job 2B47 at Yost Precision Machining would not be […]

An investor may be more interested in seeing larger dividends instead of retained earnings increases every year. They need to know how much return they’re getting on their investment. The statement of retained earnings paints a clear picture of that. Different companies how to handle discounts in accounting chron com […]

Many applicants have reported that IRS lost their passports or other valuable and the importance of other comprehensive income hard-to-replace identification documents. Consider getting certified copies or using one of the application methods listed below, rather than mailing original identification documents to the IRS. To obtain an ITIN, you must […]

While familiar, this approach might keep you from spotting opportunities for significant improvements. A fresh perspective comes from starting each fiscal year with a new comprehensive budget. The balance sheet is one of the fundamental financial statements used by law firms to summarize their financial position at … Such tools […]