Category: Bookkeeping

Because variable and fixed costs behave in a completely different manner, it stands to reason that proper evaluation of variances between expected and actual overhead costs must take into account the intrinsic cost behavior. As a result, variance analysis for overhead is split between variances related to variable overhead and variances related to fixed overhead.…

If notes payable appear under current liabilities, the loan is due within one year. If it’s located under long-term liabilities, it means the loan is set to mature after one year. The discount on notes payable in above entry represents the cost of obtaining a loan of $100,000 for a period of 3 months. Therefore,…

A Centimeter to Foot Calculator is a simple online tool that helps you convert length or height from centimeters (cm) to feet (ft) instantly. This conversion is widely used in maths, science labs, sports, height measurement for forms, and day-to-day life. Since centimeters are a metric unit and feet are an imperial unit, a quick…

Specifically, your payment history (which includes making those on-time payments) represents 35 percent of your FICO score. The longer you delay paying your creditor or lender, the more likely your score will take a severe hit. Sometimes, it may be possible to remove a delinquent account from your credit report before the credit bureau eliminates…

Companies or individuals can use this general ledger (GL) reconciliation template for bank reconciliation. Businesses can also use it for reconciling balance sheet accounts, such as accounts payable, by editing the template to show the appropriate account information. Enter the balance from your bank statement or subledger along with the general ledger balance, and adjust…

If the company’s ordinary income tax rate is 30%, the company may save $1,500 in taxes from the loss. In accounting, an asset’s salvage value is the estimated amount that a company will receive at the end of a plant asset’s useful life. It is the gross vs net amount of an asset’s cost that…

In such an industry where a low D/E ratio is the norm, the benchmark for what is considered a high D/E ratio is correspondingly lower. The debt-to-equity ratio, or D/E ratio, represents a company’s financial leverage and measures how much a company is leveraged through debt, relative to its shareholders’ equity. The D/E ratio is…

Sign up as a customer today and get a free month of bookkeeping. Shortly after you sign up, we’ll give you a call to learn more about your business and bookkeeping needs. On this call, we’ll connect your accounts to Bench, and gather any extra documentation we need to complete your books. BeachFleischman provides accounting,…

Multiply that result by 100 to see the percentage change — in this case, 21.3%. Again, a positive number indicates growth, and a negative number indicates a decline. In this example, take $2.395 billion and subtract $1.975 billion; the result is $420 million. That means that ABC Company increased its total assets by trump proposes…

QuickBooks Solopreneur is a “lite” version of the online product that’s ideal for people who earn income from a variety of sources and helps to separate personal and business finances. Customer support includes 24/7 help freelancers 2020 from a virtual assistant (chat bot) as well as live phone and chat support during daytime hours, Monday…