Chuyên mục: Bookkeeping

• What Is Form 941 & When Must It Be Filed

  by: Min ad Bookkeeping 0 2025-01-27 10:10:34

  If federal income, social security, and Medicare taxes that must be withheld (that is, trust fund taxes) aren’t withheld or aren’t deposited or paid to the United States Treasury, the trust fund recovery penalty may apply. The trust fund recovery penalty won’t apply to any amount of trust fund taxes an employer holds back in […]

  Read more

• What is Standard Costing?

  by: Min ad Bookkeeping 0 2024-12-18 02:06:29

  Further, some of the finished aprons don’t pass the final inspection due to occasional defects not detected as the aprons were made. Note that the entire price variance pertaining to all of the direct materials received was recorded immediately (as opposed to waiting until the materials were used). At the beginning of the year, the […]

  Read more

• Operating Cash Flow OCF Formula Calculation Example

  by: Min ad Bookkeeping 0 2024-12-03 05:24:35

  This approach enables more robust financial planning and risk management. This can include the impact of seasonal variations, changes in market conditions, and the effectiveness of cost control measures. By evaluating these factors, businesses can better predict future cash flows and adjust their strategies accordingly. Performance evaluation through advanced cash flow analysis can highlight areas […]

  Read more

• How to Calculate Margin of Safety?

  by: Min ad Bookkeeping 0 2024-11-20 11:41:29

  This equation measures the profitability buffer zone in units produced and allows management to evaluate the production levels needed to achieve a profit. The margin of safety principle was popularized by famed British-born American investor Benjamin Graham (known as the father of value investing) and his followers, most notably Warren Buffett. Investors utilize both qualitative and quantitative […]

  Read more

• What is a True-up Entry With Examples

  by: Min ad Bookkeeping 0 2024-10-23 08:44:30

  Hence, there is a need to make corrections in the accounting record and present true balances for the financial statement. This helps to enhance the element of reliability on the financial information. Accounting has evolved to be complex for providing comprehensive insights to the user of financial statements. The objective of improving financial reporting is […]

  Read more

• How to calculate the gain or loss from an asset sale

  by: Min ad Bookkeeping 0 2024-09-24 08:33:04

  ABC Company has a machine that originally cost $80,000 and against which $65,000 of accumulated depreciation has been recorded, resulting in a carrying value of $15,000. The net effect of this entry is to eliminate the machine from the accounting records, while recording a gain and the receipt of cash. Finally, any gain or loss […]

  Read more

• How to calculate contribution per unit

  by: Min ad Bookkeeping 0 2024-03-19 02:24:05

  The contribution margin tells us whether the unit, product line, department, or company is contributing to covering fixed costs. While there are plenty of profitability metrics—ranging from the gross margin down to the net profit margin—the contribution margin metric stands out for the analysis of a specific product or service. By keeping track of COGS, […]

  Read more

• full disclosure Meaning in law and legal documents, Examples and FAQs

  by: Min ad Bookkeeping 0 2024-02-22 01:49:43

  Full disclosure definition is when a company or individual is required to reveal the complete truth regarding a matter necessary for another party to know before entering into a sale or contract. Full disclosure means sharing all relevant information, while partial disclosure means only sharing some information. Partial disclosure can lead to misunderstandings or disputes […]

  Read more

• Discounted Payback Period: Formula, Calculation, Steps & More

  by: Min ad Bookkeeping 0 2024-02-21 07:32:34

  To calculate discounted payback period, you need to discount all of the cash flows back to their present value. The present value is the value of a future payment or series of payments, discounted back to the present. The payback period value is a popular metric because it’s easy to calculate and understand. How do […]

  Read more

• 3 Best Accounting Firms in Eugene, OR Expert Recommendations

  by: Min ad Bookkeeping 0 2024-01-24 11:55:20

  Shauna has always had a great deal of strength in numbers and organization, and loves being able to put her talents to use in helping other small business in their success. We use Plaid, which lets you securely connect your financial accounts to Bench in seconds. This feature saves you the time and effort of […]

  Read more