Category: Bookkeeping

Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Bench..

For example, if a company’s current year (2022) revenue is $50 million in 2022 and its revenue in the base..

Under current accounting conceptual frameworks, this meets the definition of an asset – it’s that simple. The total liability balance..

If you’re unsure of the multiplier, calculate it as 1.5 times your standard hourly rate. Therefore, improving your sleep can..

Under the FLSA, any non-discretionary bonuses or commission earned by a nonexempt employee must be factored into their regular rate..

Content Record the previous year’s balance. Retained Earnings How to calculate retained earnings. How to Interpret Changes in Retained Earnings..

In simple words we will have one total figure of all the different types of inventory we like to have..

Many states allow landlords to withhold security deposits for unpaid utility bills. Some states only allow security deposits to cover..

Businesses that provide services, rather than goods, should consider the QuickBooks Plus plan. Businesses with inventory will likely get the..

The accounts normally have a credit balance and in use are offset against the purchases account which is normally a..