Categoria: Bookkeeping

Just as with material costs, labour costs are the product of the hourly rate paid and the number of hours worked. The other strategy to increase gross profit margin is to reduce cost of goods sold. Direct costs, such as materials and labour, are typical costs that vary with production. A better indicator of a...

This helps explain why a single business transaction affects two accounts (and requires two entries) as opposed to just one. The DEAD rule is a simple mnemonic that helps us easily remember that we should always Debit Expenses, Assets, and Dividend accounts, respectively. The normal balance in such cases would be a debit, and debits...

We can also help you in setting up merchant services and payment processes so you can collect payments. Our bookkeepers also help you manage all your expenses and pay your bills so that it becomes a process that is both simple and less stressful for you. And now that you know the answer to the...

Justworks earns 4.6 out of five stars on G2 from 458 user reviews. In addition, it earns 4.6 stars from 718 user reviews on Capterra. Users say the service is easy to set up and use for both employers and employees and is easily scalable as a company grows. Recommended Reviews Plus, transactions for every...

The pay period runs Wednesday through Tuesday, with payday falling on the Friday of the same week. Accrual accounting is a form of accounting where businesses basically record pending expenses that haven’t been paid yet, as well as incoming payments that are yet to hit the company’s accounts. Labor costs can account for up to...

Instead, they will be a part of the cash flow statement if they pay shareholders through cash reserves. This process shows the impact of dividend declaration and payment on different parts of the balance sheet, specifically retained earnings, dividends payable, and cash. Suppose, for whatever reason, the company feels it will not see a sufficient...

One route for example, to obtaining an ITIN without having to file a tax return is to open an interest-bearing bank account. All expired ITINs must be renewed before being used on a U.S. tax return. No action is needed by ITIN holders who don’t need to file a tax return next year. This signature...

I create and share videos with my partners and staff. Once a video is created, I store it on my Screencast site. That way I can demonstrate something once and share it with everyone. You can record what you present on your monitor and your voice narration–with no video. Once you are in a Zoom...

With that said, the issue of calculating the land value specifically (as opposed to the value of the buliding, land improvements or equipment) is another matter that needs to be evaluated separately. An appraisal is an unbiased assessment of a property’s value, accompanied by supporting data to support the validity of the valuation. Appraisers will...