Archivio Categoria: Bookkeeping

QuickBooks vs Xero 2023 Comparison FinancesOnline

Both expense payment forms include standard fields, such as payee and due date, and calculate the total due from quantities and price per unit. Purchase orders can be converted to bills once fulfilled, which is a nice time-saving feature the two accounting providers offer. Although Xero and QuickBooks Online integrate with your existing inventory — […]

What Does Fixed Expenses Mean?

Fixed expenses are expenses which remain static, not fluctuating over time. The term “fixed expenses” can be used in reference to either personal or business finances. Although variable costs are quite often discretionary expenses, some may be necessities. Buying gas for your car each month is a variable expense, as are car repairs and maintenance. […]

Operating Expenses Definition, Example, Type, Explain

For example, direct labor or rent for production facilities may be classified as different types of operating expenses. These are costs that constantly and consistently occur, so a company cannot avoid them at all. These expenses rarely have anything to do with production and never really vary, which means they are relatively predictable. Some examples […]

How to Prepare a Statement of Retained Earnings

Learn more about how they impact forecasting and statements. If you calculated along with us during the example above, you now know what your retained earnings are. Knowing financial amounts only means something when you know what they should be. Atypical means that it looks and behaves differently in a clinical sense compared to other […]

word choice What is the difference between “Per year” and “Per annum”? English Language & Usage Stack Exchange

In this example the supplier is giving up 2% of the invoice amount in order to be paid 20 days early. It is a common phrase used to describe an interest rate. Often “per annum” is omitted, as in “I have a 4% mortgage loan.” or “This bond pays interest of 6%.” Stack Exchange network […]

US economy delivers blockbuster performance in third quarter

Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets. Here’s how — using a California employee with a salary of $60,000 as an example. Gross income and net income are two terms […]

6 Best Accounting Franchise Opportunities for Sale

Associations are required to keep exact books of record, as required by the IRS and for obligation detailing purposes. Become a NTC Exclusive Agent and enjoy the personal satisfaction and financial rewards that come from helping others achieve their goals. By utilizing the knowledge, the systems and the relationships that we’ve developed over 12 years, […]

GoSystem Tax RS

Select your product below to explore product help, discover frequently asked questions, and connect with our support team. In this demonstration you’ll explore the processes for MyTaxInfo, and see how it can make the collection of tax information from taxpayers easier and more reliable. Tackle the most complex tax returns, such as multitiered consolidated return processing […]

Accounting by Manufacturing Companies

This approach to production costing helps with creating and refining budgets. When you can estimate how much it’ll cost to produce each unit, you can gauge your progress during each accounting period. It involves calculating the weighted average cost of all units available for sale during a given period. Because manufacturing businesses carry an inventory, […]