Archivos de Categoría: Bookkeeping

Goods in Transit: Definition, Accounting Treatment, Journal Entry, Example

One of your long-term customers asks if you can change the terms to FOB Destination to help them save money. Delivery Expense increases (debit) and Cash decreases (credit) for the shipping cost amount of $100. On the income statement, this $100 delivery expense will be grouped with Selling and Administrative expenses. The FOB shipping point […]

Валютные пары Базовая валюта и валюта котировки

Интересно, что до появления Европейского евро, наиболее торгуемой была валютная пара USDDEM. Немецкая марка на тот момент являлась второй по объему резервной валютой в мире, что и образовывало интерес среди трейдеров. Поэтому в ход идут остальные валютные пары, причем их торговый объем коррелирует с размером экономики стран, чьи валюты составляют эту пару. Причина в том, […]

A Beginner’s Guide to Bookkeeping Basics

Most software programs provide options for automatic bill-paying and bank transfers. The accrual-based accounting method records income when it’s difference between bookkeeping and accounting examples billed, not when it’s received. With the right tools, you can feel confident managing financial transactions and helping your business grow. As long as you automate tasks and pick the […]

What Is an Accounts Receivable Reserve? with picture

This assisted him in identifying components that were constantly worn-out, suggesting that better performance on these components could boost customer satisfaction in the future. He reasoned that buying series i bonds for your portfolio a component that was almost always in excellent working condition on junked vehicles was one that was made too well, offering […]

4 2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing Principles of Accounting, Volume 2: Managerial Accounting

The primary focus on costs allows some leeway in recording amounts because the accountant assigns the costs. When jobs are billed on a cost-plus-fee basis, management may be tempted to overcharge the cost of the job. Cost-based contracts may include a guaranteed maximum, time and materials, or cost reimbursable contract. You can accurately determine your […]

Classified Balance Sheet: Definition, Components & Examples

Without context, a comparative point, knowledge of its previous cash balance, and an understanding of industry operating demands, knowing how much cash on hand a company has yields limited value. Current liabilities include all debts that will become due in the current period. In other words, this is the amount of principle classified balance sheet […]

QB Online Price Increase 2021

As you can see, Plus is notably more expensive than Essentials for only slightly more features. Plus, on the other hand, is for product- or service-based businesses that want to keep track of inventory, create purchase orders and manage project profitability. Because of these added functions, it also comes with slightly more advanced reporting. One […]

Small Business Sales Tax: How to Calculate, Charge and Pay It

Additionally, you can purchase an Advanced package for £70 per month. Corporation tax was charged at a rate of 28% before 2010, so an even higher rate than the current Corporation Tax rise. The rate of Corporation Tax increased from April 2023 as a response to post-pandemic government budgets. People who are self-employed have to […]