par Martin | Nov 28, 2023 | Bookkeeping
To add to the software’s ease of use, templates make setting up automations intuitive. With a solid understanding of basic accounting principles and accounting software, it’s possible to handle the daily financial tasks of your business. In fact, 72% of self-employed...
par Martin | Nov 14, 2023 | Bookkeeping
We suggest proceeding with caution with your adjustments, however, as you want to make sure you are consistent and logical. For example, if you have unneeded categories in your COA, it’s usually not a good idea to eliminate them mid-period due to possible orphaned...
par Martin | Juin 19, 2023 | Bookkeeping
Indirect materials and indirect labor costs that cannot be directly allocated to your products are examples of indirect costs. Furthermore, per unit variable costs remain constant for a given level of production. In the next part, we must calculate the variable cost...
par Martin | Sep 17, 2021 | Bookkeeping
The formula is more of a principle than a metric that yields significant insight. Said differently, it states whatever value of Assets left after covering Liabilities is entitled to Equity holders. It doesn’t tell us anything unique about any specific business. It...
par Martin | Juil 29, 2021 | Bookkeeping
Some industries have unique regulatory or compliance requirements, while others may have specific functional needs that are not addressed by generic ERP solutions. By selecting an ERP system that has been designed with your industry in mind, you can ensure that your...
par Martin | Juil 28, 2020 | Bookkeeping
The first step in recording common stock issued is to identify the date of issuance and the number of shares issued. Once this has been identified, you can begin recording your journal entry. Notice on the partial balance sheet that the number of commonshares...
