Category: Bookkeeping

Content A 2023 roadmap to teaching yourself data science with AI. Process Costing Principles Features Objectives Application How I Would Learn Data Science with ChatGPT (If I Could Start Over) Process Costing: Definition, Features Business in Action 4.2 Type of Product Being Manufactured While both systems produce a cost of goods sold for a given… Continue reading Job Costing vs Process Costing

From the salon’s perspective, if this payment is received in advance, then it will be recorded as deferred income during 3 years. For instance, the business has delivered goods to the customers on March 20th. So, the revenue needs to be recorded on 20th March because risk and rewards have been transferred on this date.… Continue reading Realization principle definition

Content Morgan & Company LLP CPA Related Articles for Business Owners Proactive Bookkeepers & Accountants Are you a service provider? Tax Planning What To Look When Choosing A Certified Bookkeeper In Canada At Ruby Business Solutions our Vancouver bookkeeping solutions are delivered using the best online technology for your business. We will develop a bookkeeping… Continue reading Rooks Bookkeeping A better way to manage your books

Through examples, we can better contextualize the different ways vendors operate and their purpose within the supply chain. Assume that a company prepares and submits purchase orders to its suppliers whenever the company orders goods. When the company receives the goods it ordered, it will also receive an invoice. Vendors are found throughout the supply… Continue reading Security check

Because the bond price in our example is $95.92, the list indicates that the interest rate we are solving for is between 6% and 7%. Buying bonds is a relatively low-risk way to invest your money. That’s because, unlike stocks, bond issuers promise to pay the holder the full face value once it matures. Having… Continue reading Yield to Maturity YTM: What It Is, Why It Matters, Formula

Because the bond price in our example is $95.92, the list indicates that the interest rate we are solving for is between 6% and 7%. Buying bonds is a relatively low-risk way to invest your money. That’s because, unlike stocks, bond issuers promise to pay the holder the full face value once it matures. Having… Continue reading Yield to Maturity YTM: What It Is, Why It Matters, Formula

Content Record the Initial Loan Transaction Journal Entry for Direct Materials Variance Unsecured loan Balancing the Accounting Equation What is furniture purchased for office use journal entry? What is the journal entry for loan taken from a person? However, it isn’t as simple as paying creditors (decrease cash, decrease accounts payable) because technically, the repayments… Continue reading Journal Entry for Loan Taken From a Bank

Content Delaware Nonprofit Tax Exemptions I am not a Franchise. Why do I owe a franchise tax? Delaware Annual Report How to Pay Franchise Tax in Delaware Join over 140,000 fellow entrepreneurs who receive expert advice for their small business finances Delaware Franchise Tax: How to Calculate and Pay If you don’t want to pay… Continue reading Delaware franchise tax: an overview

Social Security benefits are calculated by combining your 35 highest-paid years (if you worked for more than 35 years). Wages from previous years are multiplied by a factor based on the years when they were earned. This calculation gives an amount comparable to buying power based on the current value of the dollar. Accounting for… Continue reading Social Security Benefits Increase in 2023 SSA

Content Reporting Findings and Recommendations from the Audit Internal Audit Indirect Cost Proposal Checklist for Subsequent NICRAs How is an Independent Audit Different From an IRS Audit? Why Are Nonprofit Audits Important? The Federal awarding agency reserves a royalty-free, nonexclusive and irrevocable right to reproduce, publish, or otherwise use the work for Federal purposes, and… Continue reading Effective Audit Committee Guide