Bookkeeping

It consists of a 2-week, self-led and instructor-led, online training with ongoing check-ins with managers. There will always be support available for you at any point, whether it’s before, during, or after training. This is a remote position where you will work virtually in a dedicated workspace where you can interact with customers on video [...]

The five-year amortization period might increase the after-tax cost of domestic R&D relative to the after-tax cost of R&D done in other countries. While this concern may be offset by the lengthier 15-year amortization period, the overall analysis may still yield a better ROI on offshore development. Expenditures for equipment and buildings used to perform [...]

The company uses a salesforce to help move these items quickly. For every product sold, ABC Co. pays its employee a $100 fixed-rate commission. During the last accounting period, the company sold 1,000 laptops. If more than one salesperson is involved in a sale, then the commission is split between them. It is also possible [...]

Even if you have experience with bookkeeping, there are some important nuances to ecommerce accounting you’ll want to follow. Here, you’ll learn about how to keep books for an ecommerce business, tools to help you, and common mistakes to avoid. Our full-charge bookkeeping stays on top of your day-to-day financials so you can stay focused [...]

In this section, we focus on 10 great visual examples of mantras. You can easily make your own mantra or own images of mantra by simply finding an image you love, creating a text overlay and printing it out to give you encouragement when needed. Feel free to save, these images wherever you desire, or [...]

Unlike capital expenditure, which is used for long-term investments, revenue expenditure includes expenses incurred to support the ongoing operations and sustain the business. The essential difference between revenue expenditures and capital expenditures is the time period over which the expenditure is expected to be consumed. Revenue expenditures are consumed over the short term, while capital [...]

In this case one balance sheet asset (cash), has been increased by 1,488 when the cash is banked. This usually happens when we make mathematical errors during the day of the sales. On the other hand, if the company has a cash shortage in the petty cash fund, it can make the journal entry with [...]

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 [...]