Category: Bookkeeping

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

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 […]

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, […]

You need to be sure that every payment is tracked, with approval from a manager. That’ll tell you operating costs […]

Also, you don’t have to have a degree or a licence to become a bookkeeper. It’s important to look for […]

You can also use the double-declining balance formula, which is more complex but provides a more accurate estimate. Accumulated depreciation […]