Having an optimal amount of current assets on hand to cover current liabilities is essential to having a healthy cash flow. Below, we’ll provide a listing and examples of some of the most common current liabilities found on company balance sheets. For all three ratios, a higher ratio denotes a larger amount of liquidity and […]

You need an accurate, streamlined accounting system so you can stay on top of your income, expenses, and taxes. Procare’s payment processing capability ensures flexibility by offering various payment methods. This allows your child care center to offer the payment methods that benefit your business while giving families the freedom to use the payment options […]

For example, if an electric machine can produce a product in 15 minutes, you could figure the cost of electricity per unit by dividing the hourly price of electricity by four. Finally, add up all your various manufacturing overhead costs to determine the total. However, it could still affect your standard cost indirectly if it […]

Content How to Calculate the Percentage of Bad Debt Bad Debt Calculator Difference Between Gross Sales & Total Revenue Aging of accounts receivable GAAP Rules for the Percentage of Sales Method The journal entry to estimate and record bad debt using either method will result in a debit to bad debt expense and a credit […]

The problem was that while the total was accurate, it did not tell that some of that money was restricted in use, giving a false sense of the actual financial condition of the company. In addition, the Restriction was to be identified as Donor Restricted or Board Restricted. So, I would like to help explain […]

The NACPB offers a certified public bookkeeper (CPB) certification, while the CPB offers a certified bookkeeper (CB) certification. Both the CPB and CB certifications require similar eligibility requirements. You may handle payroll functions as a bookkeeper, keep tax withholding records, and issue paychecks or send information to a contracted payroll service. Depending on bookkeeping for […]

It can be very difficult to organize if you have a huge number of transactions in a given accounting period, which is where GL Codes can come handy. As you can more easily find transactions you are searching for in your general ledger if you have a code for every transaction. This is because you, […]

Content The Commissioner of Revenue’s Business Division’s Paperless Initiative: Waste Reduction and Recycling Fee Payments, assistance & taxes International Fuel Trade Agreement (IFTA) Texas Broadband Development Office File with tax software TurboTax customers—we’ve started your estimate. Depending on your business type, there are different ways to https://www.thenina.com/retail-accounting-as-a-way-to-enhance-inventory-management/ prepare and file your taxes. Log In or […]

Instead, a company needs to develop processes and controls that allow it to make that distinction based on the nature of different activities. An essential component of a company’s research and development arm is its direct R&D expenses, which can range on a spectrum from relatively minor costs to several billions of dollars for large […]

Content Company Why is FreshBooks the best accounting app self-employed entrepreneurs? How do I choose the right accounting software? Sage Business Cloud Accounting How to Choose the Best Accounting Software AAT Business Finance Basics Contact our award-winning team of experts for live chat, screen sharing and phone support – all free of charge. Terms of […]