Eventually, it’s the perfect report to check to see if you have enough funds to cover your obligations and make future payments. If your company has debts from a variety of sources, such as credit cards, loans, and accounts payable, you’ll have to check numerous accounts to see what you owe. By examining at your […]Continue reading
Bookkeeping
Stale checks: When to act and when not to
LegalMatch.com can connect you to a lawyer who can explain the legal remedies available to you and what your best option might be. To make a case for punitive damages in a situation in which a bank wrongfully honored a stale check might be challenging. Again, only if the bank committed some type of outrageous […]Continue reading
8 2 Compute and Evaluate Materials Variances Principles of Accounting, Volume 2: Managerial Accounting
For example, regression analysis might reveal that a 10% increase in supplier lead time results in a 5% increase in material quantity variance. Armed with this knowledge, companies can focus their efforts on improving supplier lead times to achieve better cost control. Additionally, the use of variance decomposition allows businesses to break down complex variances […]Continue reading
Bookkeeping, Accounting Dallas, Texas
We believe in personalized service which means building strong relationships with our clients. You can count on us to be there for you every step of the way. Let us take care of the numbers, so you can focus on what you do best. Is an experienced Dallas, TX CPA firm that considers our clients’ […]Continue reading
What is a purchase discount?
These discounts can work as cashback, a percentage discount, and multiple payment options. When businesses offer purchase discounts, it boosts customer morale, encourages repeat purchases, and helps increase overall sales. Crediting discount received has the effect of reducing gross purchases by the amount of cash discount received. Consequently, payables are debited to reduce their balance […]Continue reading
Xero Accounting: Invoices, tax Apps on Google Play
Discover seamless app integrations for efficient accounting with Xero’s comprehensive accounting software. Get the most out of Xero with access to our team of onboarding specialists during your first 90 days. Sync Xero cash flow from financing activities with software you already love or easily find and try new apps designed to save your business […]Continue reading
Balance Sheet vs Income Statement: What’s the Difference?
There are several advertising mediums businesses use for advertisement needs. They include print media and online media such as social media ads. Expenses refer to the cost that a company incurs to run its operating activities and generate revenue. Some examples of expenses include employee wages and salaries, equipment depreciation, payments to suppliers, and others. […]Continue reading
Balance Sheet vs Income Statement: What’s the Difference?
There are several advertising mediums businesses use for advertisement needs. They include print media and online media such as social media ads. Expenses refer to the cost that a company incurs to run its operating activities and generate revenue. Some examples of expenses include employee wages and salaries, equipment depreciation, payments to suppliers, and others. […]Continue reading