Fixed Cost: What It Is and How Its Used in Business

While you could theoretically change your monthly mortgage payment by refinancing your loan or by appealing your property tax assessment, this is not an easy switch. Some costs, such as loan payments (most restaurants get initial funding from loans) and equipment depreciation (all restaurants need expensive equipment to operate) are more likely to apply to […]

A concise guide to offshore accounting: Types, pros, cons, and top providers

This frees your in-house AP department to focus on higher-level tasks and attend to the core business processes that enhance your company’s performance and improve service levels. As vendor relationships grow ever more complicated, more and more businesses will need to rely on outsourced providers to re-architect their accounts payable operations. Before outsourcing AP, review […]

How Do Proceeds on Sale of Fixed Assets Affect Cash Flow Statement

These items are crucial in running a business and operating to generate revenues. Before discussing its effect on the cash flow statement, it is crucial to understand the accrual treatment of a sale of a fixed asset. The cash flow statement summarizes a company’s cash inflows and outflows during a period. In other words, it […]

Is Depreciation an Operating Expense?

A variable cost can change, depending on the production and sales levels of products or services. The above requirements come from the definition set for assets under the contextual framework. Real property (other than section 1245 property) which is or has been subject to an allowance for depreciation. Operating expenses are important because they help […]

What are debits and credits? Sage Advice US

Debits increase asset and expense accounts while decreasing liability, revenue, and equity accounts. When learning bookkeeping basics, it’s helpful to look through examples of debit and credit accounting for various transactions. In general, debit accounts include assets and cash, while credit accounts include equity, liabilities, and revenue. After the debit balance gets posted, it can […]

Standard Costing vs Average Costing Which To Use CFO.University

Public utilities such as transport organizations, electricity supply companies, and waterworks can also apply standard costing techniques to control costs and increase efficiency. Ranking should look to how stakeholders are affected by costs and any decisions related to cost variance, or why the variance occurred. For example, if a cost variance is due to an […]

Breaking Down The Balance Sheet

This information also improves growers’ ability to evaluate their decisions and the potential for hold-up related concerns. The commenter stated debt accumulation is a problem that will remain even if the rule is implemented. The commenter stated that growers lack leverage to negotiate favorable contract terms, often incurring substantial debt loads as they invest significant […]

Special issues

General journal is used to record all other transactions which no special journal is maintained. Such transactions may include adjustments for accruals and prepayments, bad debts, correction of errors, closing entries and sale and purchase of non-current assets. In the cash receipts journal, the credit can be to Accounts Receivable when a customer pays on […]

QuickBooks Online Login: Sign in to Access Your QuickBooks Account

QuickBooks is easy to use and helps automate accounting tasks such as bookkeeping, invoicing, time tracking, expense tracking, inventory tracking with increased accuracy. It allows you to connect to your business apps and create reports to gain business insights to make smarter financial decisions for your small business. Intuit Accountants offers a range of products […]

What is an Undeposited Funds Account?

This course of action will require you to select a Deposit to account to post the amount directly to the account where you put the actual payment. Or, you could use the Undeposited Funds if you need to group the payment with others. I can see two possible ways you’ve done in recording payments in QuickBooks Online […]