Category: Bookkeeping

The change in retained earnings is typically the net income/(loss) reported on the Income Statement not paid out in one way or another, which then increases the company value. Sometimes […]

Invoice Simple is how are fixed and variable overhead different a tool that makes it easier than ever to invoice customers from your phone or laptop. This way, you’ll have […]

Michelle Payne has 15 years of experience as a Certified Public Accountant with a strong background in audit, tax, and consulting services. She has more than five years of experience […]

For instance, if the rules of debit and credit historical cost of goods sold as a percentage of sales has been 42%, the forecasted sales level will also be 42%. […]

This tool helps investors to gauge the viability of certain investment opportunities. Thus, with the help of information introduced, one can identify whether a certain investment is going to be […]

The Matching Principle applies to all types of expenses, including cost of goods sold, salaries and wages, rent, utilities, and interest. For example, if a company pays an employee in […]

In other words, the company’s income is ten times greater than its annual interest expense, so it should be able to afford the additional interest expense on a new loan. […]

If the contribution margin for an ink pen is higher than that of a ball pen, the former will be given production preference owing to its higher profitability potential. The […]

Their experienced team provides personalized financial services for businesses and individuals in the area. Our bookkeeping services in Charlotte, NC assist with cash flow management by providing accurate financial records, […]

The final step is to use the data from the ABC technique to take actions to minimize costs and maximize profits. For example, a company might decide to streamline a […]