Once you’ve figured out the reasons why your bank statement and your accounting records don’t match up, you need to record them. The balance recorded in your books (again, the cash account) and the balance in your bank account will rarely ever be exactly the same, even if you keep meticulous books. Hopefully you never […]
These are salaries or contractors an employer must cover employee wages and benefits. These costs include payroll taxes but can also include third parties and subcontractors. Labor costs are calculated by multiplying the daily payroll rate for each employee by the number of days they’re working on a specific job. In order to remind the […]
On Upwork, you can find a wide range of remote bookkeeping jobs and you to create a profile showcasing your skills and experience. This global body for professional accountants often has a range of remote bookkeeping jobs suited for entry-level applicants. Minimum 3+ seasons of paid Tax Preparation experience preparing federal and state business tax […]
For instance, let’s say a company uses all its cash flow to pay bills instead of diverting a portion of funds toward growth or other opportunities. In the vast landscape of business operations, many factors contribute to a company’s success and financial health. While some aspects may take center stage, others quietly operate beneath the […]
A predetermined overhead rate is a crucial concept in cost accounting that helps allocate indirect manufacturing costs to products or services. It is calculated before the accounting period begins based on estimated overhead costs and an expected level of activity, a predetermined overhead rate includes such as direct labor hours, machine hours, or units produced. […]
In 2012, the shares outstanding were 476.1 million, and they almost doubled up to 930.8 million due to the two-for-one stock split. Basic EPS is calculated by dividing a company’s net income by the number of its outstanding shares. For example, if a company has 100 units of common shares and makes 1000 USD to […]
If your beginning balance doesn’t match your statement, don’t worry. From hosting and domains to essential plugins and transaction fees, discover the real cost. Once connected, all bills in QuickBooks Online will sync in real-time with Wise. Bill payments are automatically synced, matched, and categorized in QuickBooks. QuickBooks will load the statements and facilitate a […]
If your restaurant follows the accounting period, which is recommended, you’ll have 13 accounting periods in a year. Whether you’re not the best with numbers or want to focus on the food, you might be wondering if you should do restaurant accounting in-house or outsource it. We know this is a lot to track, but […]