Category: Bookkeeping

What Is Work In Process Wip Inventory? Definition, Formula

Content Use Wip Data To Strategize Cost Reduction What Is Work In Process Inventory Generally Described As Cost Of Goods Work In Process Inventory: A Detailed Guide What Is Work In Process Inventory? Difference Between Work In Process And Work In Progress Knowing your business’s WIP can help you to calculate how much has been […]

Selling, General And Administrative Expenses Sg&a Expenses

Content Stay Up To Date On The Latest Accounting Tips And Training How To Calculate Productivity In Sales Revenue And Labor Expense General And Administrative Expense Definition Understanding Sg&a Sg&a Can Be Fixed Or Variable Costs Where Do I Find Selling, General & Administrative Expenses? It expedites and accelerates financial processes while ensuring accuracy and […]

Record A Tip As An Overpayment In Quickbooks Online

Content E  Calculating The Overpayment Receivables Integration With Channel Revenue Management Overpaid A Vendor And Not Sure How To Handle The Refund Check? Record After Approval What Account Name The customer is making a prepayment that will be applied to future invoices. You can post payments so the subsequent invoices are marked as paid. Or […]

Top 10 Best Bookkeeping Services In Seattle, Wa

Content How Can I Find Out If A Tax Preparer Os Considered An Essential Covid Career Path For Bookkeeper Bookkeeper Salary In Seattle, Wa Associate Accountant Say Goodbye To Bookkeeping Stress, Seattle Bookkeeping In Real Time Occasionally, your course may be supported by a team of industry experts. You will also receive support from the […]

Introduction To Bookkeeping And Accounting

Content How Does The Accounting Equation Differ From The Working Capital Formula? How To Balance The Accounting Equation What Is The Expanded Accounting Equation? What Does Negative Shareholders’ Equity Mean? Explore Resources Equity And The Owners Equity Formula Assets = Liabilities + Equity Free Debits And Credits Cheat Sheet The accounting equation plays a significant […]

Application Of Activity‐based Costing

Content Accounting Principles Ii Determine Activities Required Assign Cost Drivers To The Cost Pools Drawbacks Of An Abc System Activity Based Management What Is A Cost Element Under Abc? This explains the need for a refined overhead allocation system such as activity-based costing. Notice that this information includes an estimate of the level of activity […]

Contra Accounts Definition

Content Liability Asset Accounts Asset Contra Account Reasons To Include Contra Asset Accounts On A Balance Sheet What Are Examples Of Contra Revenue Accounts? Example Accumulated Depreciation A Common Business Transaction That Would Not Affect Stockholders’ Equity At the end of the first fiscal year, the accumulated depreciation account should show a balance of $20,000, […]