Monthly Archives: May 2021

The difference between the expected and actual cost incurred on purchasing direct materials, expressed as a positive or negative value, evaluated in terms of currency. The material quantity variance is a subset of the quantity variance, since it only applies to materials (or, more accurately, direct materials) that are used in the production process. Reliable [...]

This starts at $650 per employee per month, but it’s significantly cheaper than establishing a new entity in a foreign country. Once you’ve found an international payroll service you like, running payroll is a matter of getting your payroll service’s software up and running. At that point, the process should be fairly similar to running [...]

Most people have an instinctive understanding of what a financial loss is; anytime you receive less for something than what you spent to acquire it, you have sustained a loss, explains AccountingCoach.com. However, it is important not to just recognize that a loss has occurred, but to be able to classify it and report it [...]

Some companies charge by the number of accounts you need them to manage, while other companies charge based on your company’s monthly expenses. Typically, the lower your expenses (and the fewer your accounting needs), the less you’ll be charged. And on the accounting software front, Bookkeeper360 syncs with both Xero and QuickBooks Online. However, Merritt [...]

For example, you can set up automatic workflows and backups for better efficiency and productivity. If you're a growing company, tracking employees' billable hours will also help because you can compare budgeted and actual working hours. If you have the QuickBooks Payments add-on, they can pay directly through the invoice, making it convenient. This lets [...]