Category: Bookkeeping

Instead of sticking with a safe but short-range pricing how to read large numbers on financial statements strategy, develop purposeful prices that will lead to more success. Of course, there needs to be added value to justify charging the additional price, but you don’t have to put in double the hours. Add (or extend) a…

Content Double-Entry Bookkeeping – The Methods of Bookkeeping Okay, So, What Does a Bookkeeper Do? What are the legal steps to hire an employee like a bookkeeper? A bookkeeping app It is best to look out for errors early, and correct them on the ledger instead of waiting for the trial balance at the end of the fiscal…

Employers—or your accountant, bookkeeper or HR employee—set up benefits and salaries for employees and, on some platforms, contractors. The best payroll software for your company depends on your business size and needs. Top payroll services for small businesses include OnPay, Gusto and ADP RUN. Traditional companies offer customizable plans to fit your needs while platforms…

Diluted EPS, on the other hand, reflects the potential dilution that could occur if convertible securities or options were exercised. If a firm is liquidated, the book value earnings per share are enough to calculate the worth of each share. The carrying value earnings per share, also known as book value earnings per share, reveals…

In other words, the accounting equation will always be “in balance”. These may include loans, accounts payable, mortgages, deferred revenues, bond issues, warranties, and accrued expenses. Although the balance sheet always balances out, the accounting equation can’t tell investors how well a company is performing. Financial Accounting For instance, if an asset increases, there must be…

Sales volume variance measures the difference between expected units sold and actual units sold. As can be seen, a selling price variance is more than just about the selling price. It is also about the resultant change in sales revenue from a particular product or even a product line due to pricing changes. Would you…

Later, in 1973, the Financial Accounting Standards Board (FASB) was established as the new independent standard-setting body in the U.S., replacing the APB. The FASB developed the Generally Accepted Accounting Principles (GAAP), which is the current framework for accounting standards in the United States. Over time, many of the ARBs were superseded or incorporated into…

Thankfully, one way to get this right is to use Reorder Point Formula (FOP) to calculate your reorder level, eliminating the need for guesswork and using your gut instinct to make decisions. For a company, the maximum consumption is 15,000 units per week, while the maximum delivery time is 10 weeks. For instance, if you…

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Content Table of Contents How to Calculate the Trade Discount? What is Trade discount? How Does Trade Discount Work? Definition of Cash Discount A trade discount is a routine reduction from the regular, established price of a product. The use of trade discounts allows a company to vary the final price based on each customer’s…