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 […]
Category Archives: Bookkeeping
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 […]
In 2001 I decided it was time to head out on my own, I started Bottom Line Management and for the past 24 years have been helping San Diego and North County businesses stress less by taking care of their bookkeeping needs. Our highly qualified team will take the time to understand your needs and […]
And Apple Inc believes that outstanding debt is unrecoverable and is a bad debt now. When you sell a good to a customer, you’re getting rid of inventory. And, you’re increasing your Cost of Goods Sold (COGS) Expense account. Your Accounts Receivable total should equal the sum of your Sales Tax Payable and Revenue accounts. […]
Accrual accounting allows you to match your expenses to the revenue they generate, so you can make more informed decisions and better projections. This explains why it is the most recommended option required by Generally Accepted Accounting Principles (GAAP) for nonprofits. This means that if you receive a pledge from an individual or organization but […]
The lower the expense ratio the better because an investor receives higher returns on their invested capital. The Fidelity Contrafund (FCNTX) is one of the largest actively managed funds in the marketplace, with an expense ratio of 0.39% ($39 per $10,000 invested). This fund is much expense check meaning more highly weighted toward communication services […]
One of the most flexible and accessible types of business, trade credit is one of the most popular types of short-term financing for U.S. small businesses, according to the FDIC. According to a 2021 Melio survey, over 50% of entrepreneurs have gotten paid late before. While net 30 has been a standard payment term for […]
The Accounting degree is designed to provide the knowledge necessary for immediate employment at an entry or intermediate level accounting, recordkeeping, or clerk position with many private sector and government organizations. The degree is also designed to provide an excellent base of knowledge for those who would like to pursue an advanced degree in accounting, […]
Understanding how to calculate cost per unit and its proper implementation is crucial for any business’s success and growth. Analyzing fixed and variable costs, and employing various calculating methods enable businesses to make informed decisions on pricing, production, and profitability. This guide has brought you every single detail that will help you master cost per […]
In doing so, some dogs are often reluctant to search if they are not able to look back and see their handler. Your dog should be comfortable and productive when searching away from the handler and accompanied by the APV. The earliest known record of the all-points bulletin is when used by United States police, […]
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