Category Archives: Bookkeeping

Understanding MM in Finance: Usage, Differences, and Impact

However, it is always a good idea to verify if your card was automatically updated for scheduled payments. We address some peculiarities referring to the abbreviation MM/YYYY of credit cards. We clarify that this corresponds to the card or plastic, not your account or line of credit. I have seen million, billion, and trillion abbreviated […]

Rediscovering Haw Flakes: A Tangy Classic with Nostalgic Charm

Among Asian snacks, few inspire as much childhood nostalgia as the iconic rolls of pink discs known as haw flakes. These sweet-tangy treats, made from the hawthorn fruit, have been delighting generations across East and Southeast Asia and increasingly find new followers eager to explore their playful flavor, potential health benefits, and versatility in both […]

Balance Sheet Definition & Examples Assets = Liabilities + Equity

Patriot’s small business accounting software can help you accurately track income, expenses, and retained earnings. As you work through this part, remember that fixed assets are considered non-current assets, and long-term debt is a non-current liability. Stock dividends don’t reduce retained earnings since they simply shift value from one equity account to another. Overall, retained […]

What Are General and Administrative G&A Expenses?

General and Administrative expenses include costs like salaries, rent, and office supplies not tied to production. Ramp also categorizes all your expenses automatically and syncs them to your accounting software or ERP, saving you hours of manual coding every month. Strategically managing G&A expenses can help increase revenue by reducing your overall cost of operations. […]

dividends definition in stocks and how payments work 3

Dividend Yield: Meaning, Formula, Example, and Pros and Cons Dividends are never guaranteed and are subject to company-specific and market-related risks just like share prices. During times of turbulence, management will have to make a decision about what to do with its dividends. However, you can rest assured that no accountant can restate dividends and […]

Fixed overhead spending variance explanation, formula, example, causes

The fixed overhead spending variance of New York manufacturing company is unfavorable because the actual fixed overhead is higher than the budgeted fixed overhead for the period. Fixed overhead spending variance (also known as the difference between the actual fixed overhead and the planned fixed overhead is called the fixed overhead budget variance and fixed […]

Invoice And Accounting Software For Small Businesses 8

Best Accounting Software Options for Small Business Ramp seamlessly integrates with QuickBooks Online, automatically syncing transactions, receipts, and reimbursements. This eliminates the need for manual data entry, reducing errors and speeding up reconciliation. Plus, Ramp users get exclusive discounts on QuickBooks Online, making it an even smarter investment for small businesses. The QuickBooks mobile app […]