With more oversight across its operations, companies are able to reap cost savings and produce higher quality products and services. It becomes easier to balance supply with demand, which creates [...]
In addition to accountants that specialize in JIB accounting, software programs are designed to accommodate the needs of the oil and gas industry. These programs allow for the tracking of [...]
ContentAccountant vs bookkeeper: what's the difference?Double Declining Balance DepreciationWhat Is the Accounting Treatment for the Revaluation of Fixed Assets?What Is a Fixed Asset?Useful information for business assetsCapital allowances Watch this [...]
Though it has a dated interface, doesn't have a mobile app, and requires you to install the software on a desktop or laptop computer, Sage 50 Accounting is still a [...]
ContentPractice management & growthFinancial managementKeep strict recordsStandard legal accounting and bookkeeping mistakesDo lawyers need accounting?How to hire the right CPA In these instances, a partner or shareholder may be liable [...]
After posting the above entries, all the nominal accounts would zero-out, hence the term "closing entries". Here are a few key differences between the adjusted trial balance and closing-trial balance. [...]
Contents:effective business communication.docxAdvantages of cash basis accountingAdvantages for tax planning and IRS standWhat Are The Different Types Of Accounting Methods? Under the cash basis, the buyer recognizes the purchase in [...]
ContentDefinition:Example of Traceable Fixed Costs and Common Fixed CostsTraceable costs definitionHow do you figure out how much overall overhead you’ll have?Traceable Fixed CostFood processing Finally, ensure you are well-organized and [...]
Contents:Difference Between CFO and ControllerComparing the Role of CFO and Finance ControllerSetting up the Finance Function for your SaaS BusinessThe controller mindset: accuracy, compliance, tacticsController vs. Comptroller vs. CFO: Key [...]
He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. Manufacturing Overhead Budget Operating profit was $535,000 for the period, calculated [...]