Category: Bookkeeping

Content What Are Payroll Services? How To Define Payroll Accounting Example Of Payroll Journal Entry For Remittances Payroll Accountant Job Description Template Payroll Outsourcing Company Challenges In Handling Payroll Management Process In payroll accounting diverse transactions related to employee compensation are recorded by a business. Other recorded items include commissions, gross wages, bonuses and salaries…

Content FIFO Vs LIFO – Which Is The Best Inventory Valuation Method? Do most companies use LIFO? What method does Tesla use? Advantages Of Using LIFO Vs FIFO Method : Pros of FIFO Contractors, Individual Taxpayers Must Plan for Expiring TCJA Provisions Industries That Use LIFO Because of the current discrepancy, however, U.S.-based companies that…

Content Test your knowledge of statement of cash flows The three sections of a cash flow statement The statement of cash flows does help the farm business understand the ‘use’ of cash. Cash Flow Analysis Example IFRS in Focus — IASB proposes amendments to IAS 7 and IFRS 7 to address supplier finance arrangements Financial…

Content Financial, Business, Personal    Goals Sikora CPA offers a wide variety of financial assistance + guidance. About Colorado Springs About Our Company THE HIGHEST RATED CPA IN THE COLORADO SPRINGS AREA Number one rule in business; you cannot let your customers not let you make a living. We also have several medical groups and financial advisor teams operating…

Content Purchase Return And Allowances Journal Entry Under The Periodic Inventory System Sales Manage Your Business Example Of Writing Off An Account Credit And Returns Just Checking In Are You Still Watching? Buyback Allowance Contracts What Is The Difference Between A Purchase Return And Also a general ledger account in which the purchase allowances are…

Content The Benefits of an Ecommerce Accountant Income Statement Data Collection & Processing Introduction to bookkeeping Let’s book a time to connect Each process includes a description with key points to consider during implementation, plus links to where you can find additional resources. They asked right questions to make sure that they understand your books. You…

Content What you get from H&R Block’s free version money Dependent claimed on another tax return 000+ tax refunds delayed by education credit glitch ON YOUR SIDE: Tax service customers report issues with second stimulus check deposit If you file early, the IRS will hold your refund until February 15, and then begin processing your…

Content Double declining balance vs. the straight line method What is Declining Balance Depreciation? Double-declining-balance depreciation method What is the double declining balance method of depreciation? Should You Pay Taxes Online with a Credit Card? Stop Calculating depreciation in the year after the depreciable cost falls below the salvage value of the vehicle. Which translates…

Content 5 3 Stockholders Equity Statement Of Stockholders Equity Template Definition And Example Of Stockholders’ Equity Bus103: Introduction To Financial Accounting What Is Stockholders’ Equity? Alternatives To Stockholders’ Equity How do a company’s shareholders evaluate their equity in the business? Shareholder or stockholders’ equity is one simple calculation to pay attention to. Here’s what you…

Content Cost Accounting Quick Tips: Avoid These Mistakes When Calculating Contribution Percentage or Margin Unit Contribution Margin How to actively improve your business contribution margin Calculating the Contribution Margin and Ratio Check your understanding Sample Calculation of Contribution Margin Variable costs increase and decrease depending on the volume of goods or services produced. Represented as…