Category: Bookkeeping

This invoice for hours worked helps clients know how much work is done and how much they need to pay. […]

Gross profit is revenue minus a company’s COGS, which provides the profit from production or core operations. Operating profit, also […]

A good example of an ABC application would be finding out how employees split their time on the job. Their […]

What Is Accrued Interest? Do I Have to Pay It When I Buy a Bond? This ensures that sellers receive […]

Inventory purchases and inventory sales are considered the most important parts in the operating cycle of the merchandising business. Likewise, […]

This application probably violates the matching principle, but if the IRS did not have this policy, there would typically be […]

Before we dive into the details, it’s important to note that accounting terminology can sometimes be complex and confusing. We […]

Many expenses incurred in the course of business operations are tax-deductible, subject to applicable tax laws and regulations. Yes, all […]

Prometric administers the EA exam at their testing centers nationwide, and the IRS supplies them with several different exam versions […]

Annualized salary is the total projected amount of money an employee earns in a year. It shows their yearly income, […]