Category: Bookkeeping

You can easily buy and sell with just a few clicks on your phone, and view your portfolio on one simple dashboard. CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order […]

You can use a simple table or a basic spreadsheet, such as Excel or GSheet, or any other open-source software you choose to use. Find out how to turn your income statement into a rich source of decision-making insights. How you choose to present a balance sheet is a personal preference. The following three balance […]

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Ultimately, aligning expenses with revenue ensures a more transparent and reliable financial statement, which is crucial for investors, stakeholders, and regulatory authorities. Inscrutable Corporation offers long-term disability insurance to its employees under an arrangement in which it pays for the insurance, and then participating employees reimburse it for half of this cost. In the first […]

Our team is ready to learn about your business and guide you to the right solution. Gores, the 60-year-old founder of Platinum Equity, expanded his sports portfolio last year, buying a 27% stake in the NFL’s Los Angeles Chargers. An heir of Egypt’s wealthiest family, the 64-year-old Sawiris has owned Aston Villa alongside Fortress Investment […]

To better grasp how these manufacturing overhead costs work in the real world, let’s learn from examples of manufacturing overhead next. In manufacturing, the product cost includes direct materials, direct labor, and manufacturing overhead. A retailer’s product cost is the net cost from suppliers plus costs to get the product in place and ready for […]

Last In, First Out (LIFO), as a method for inventory accounting, has significant implications for net income and taxes. By recording the most recently purchased or produced items as sold first, LIFO lowers net income due to higher cost of goods sold (COGS). The choice between inventory costing methods like FIFO, average cost, and LIFO […]

Missing online data, as well as stringent federal and state privacy rules, make it difficult to discover a prospective employee’s or tenant’s criminal past. Our teams are experts in their industry and provide customized solutions, best practice guidance, and support for your screening needs. We help clients reduce complexity in hiring the right candidates based […]

We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know as soon as possible and make sure the transition is a smooth one. Say goodbye to piles of paperwork and time-consuming manual tracking—we automate inputs […]

It also shows you the main financial statement in which the account appears, the type of account, and a suggested account code. A chart of accounts is an important organizational tool in the form of a list of all the names of the accounts a company has included in its general ledger. This list will […]