Bookkeeping

ProjectManager is award-winning project management software that helps manufacturers plan, manage and track their manufacturing costs in real time. Our software has powerful Gantt charts to plan [...]

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Contra accounts are usually linked to specific accounts on the balance sheet and are reported as subtractions from these accounts. In other words, contra accounts are used to reduce [...]

This tells potential investors that the company in question is not generating enough profits to meet its current liabilities. A company’s quick ratio is a measure of liquidity used to [...]

Under this system there is a general ledger account Cost of Goods Sold. To learn more, see Explanation of Inventory and Cost of Goods Sold. The aprons are easy to produce, and no apron is ever [...]

Join hundreds of businesses that rely on us to handle their bookkeeping while you focus on growing your business. I pride myself in not only upholding elite bookkeeping standards, but also in [...]

However, they stay consistent for each output unit and are monitored by the respective department manager. In contrast, it is presumed that the money paid to other employees (not factory workers) [...]

When looking for a bookkeeping agency, it’s essential to consider your specific business needs, the size of your company, and the industry you operate in. Discover the meaningful metrics that [...]

More of each payment goes toward principal and less toward interest until the loan is paid off. Sometimes it’s helpful to see the numbers instead of reading about the process. The table [...]

This means that the above equation is not typically used to calculate risks like other mathematical equations are normally used. The auditors will nevertheless assess the risk values in some [...]