Content Translations of in arrears What Kinds of Payments Can Be in Arrears? Arrears billing and payments: What does it mean to be “paid in arrears”? Billed in Arrears: What Does Arrears Billing Mean? Confronting conflict: How to deal with difficult employee disputes The Problem with Paying in Arrears Best practices for billing in arrears Read more about What Does Paid in Arrears Mean?[…]
Content Tax Tools & Tips How to Claim the Vehicle Sales Tax Deduction Local Government TURBOTAX ONLINE GUARANTEES How to calculate the sales tax deduction Use the Sales Tax Deduction Calculator The subtraction for any income attributable to a refund is limited to the amount of income attributable to a refund in the event of Read more about Use the Sales Tax Deduction Calculator Internal Revenue Service[…]
Content How to prepare a trial balance Activity 2 Preparing a correct trial balance 3 The trial balance Resources for YourGrowing Business What are the parts of trial balance? How Do You Prepare a Trial Balance? Trial Balance – Example #2 Not all accounts in the chart of accounts are included on the TB, however. Read more about How to Prepare an Adjusted Trial Balance[…]
Content Expanding the accounting equation Revenue Accounts What is double-entry bookkeeping? Unbalanced Transactions Additional Accounting Equation Issues A loan from the bank is more specifically called a note payable. Represents a customer’s advanced payment for a product or service that has yet to be provided by the company. This increases the cash account by $120,000, Read more about Introduction to bookkeeping and accounting: 3 2 The effect of profit on the accounting equation Open University[…]
Content More Definitions of General and Administrative Expenses SG&A Can Be Fixed or Variable Costs Calculating General and Administrative Costs Are SG&A expenses tax deductible? How to calculate SG&A What are cost of goods sold? These expenses are sometimes referred to as operating expenses. Technical costs can also be a mixture of sales-related and office Read more about A modern guide to general and administrative expenses[…]
Content Is Variable Costing More Useful Than Absorption Costing? Managerial Accounting Best Account Payable Books of All Time – Recommended Absorption Costing Formula: Absorbing Overheads In variable costing, fixed manufacturing overhead is included in the cost of the product. Since absorption costing distributes fixed overheads to the total production cost, it does not help management Read more about 6 1 Absorption Costing Managerial Accounting[…]
Content FOB (shipping) Who Retains Risk in FOB Shipping Point? Other Incoterms Difference between Free Onboard (FOB) Shipping Point and Free Onboard Destination Factors That Determine LTL Freight Costs The amount of inventory and cost of goods on the books changes as well, depending on where the goods are and the FOB status. And of Read more about Should You Ship FOB Shipping Point or FOB Destination?[…]
Content Set customers up with autopay Five Tips for Following Up on Accounts Receivable Maintain positive relationships with customers Why is tracking DSO important? That means it takes the business on average 51 days to collect on their invoices. Days sales outstanding is one of the best indicators of your business’ well-being. Keeping a close Read more about Days Sales Outstanding DSO Defined[…]
Content What is Manufacturing Overhead? Manufacturing Costs Why Is Overhead Cost Important? What are the examples of factory overheads? Terms Similar to Manufacturing Overhead These Sources include White Papers, Government Information & Data, Original Reporting and Interviews from Industry Experts. Reputable Publishers are also sourced and cited where appropriate. Learn more about the standards we Read more about Assigning Manufacturing Overhead Costs to Jobs[…]
Content Double declining balance vs. the straight line method How Does DDB Differ From Declining Depreciation? Accelerated Depreciation How to plan double declining balance depreciation The depreciation expense is then recorded in the accumulated depreciation account, which reduces the asset book value. double declining balance method formula After this, there will be increasingly smaller depreciation Read more about Double-Declining Balance DDB Depreciation Method Definition With Formula[…]