Bookkeeping Archivi

Direct Labor Variance Analysis

da Matiba | 26 Set 2024 | Bookkeeping

As with direct materials variances, all positive variances are unfavorable, and all negative variances are favorable. The labor rate variance calculation presented previously shows the actual rate paid for labor was $15 per hour and the standard rate was $13. This...

Reconcile an account in QuickBooks Online

da Matiba | 24 Lug 2024 | Bookkeeping

If you adjusted a reconciliation by mistake or need to start over, reach out to your accountant. If you’re reconciling an account for the first time, review the opening balance. It needs to match the balance of your real-life bank account for the day you decided...

Sell Game Accounts for Real Money

da Matiba | 3 Mag 2024 | Bookkeeping

Keeping a record of all transactions helps calculate the net profit and loss for the business. It is also useful during the calculation of profit or loss year on year or even during the quarter to quarter or as required by the company. The format of account sales...

Preventing Transposition Errors in Financial Reporting

da Matiba | 12 Apr 2024 | Bookkeeping

To determine where the numbers were switched, review your ledger accounts, journal entries, or any other document where the figures were entered (e.g. receipts and invoices). Consider the case of a large corporation that reported a transposition error in its quarterly...

Business taxes Internal Revenue Service

da Matiba | 27 Dic 2023 | Bookkeeping

Thiscould allow the business to take an ordinary loss on the property, which isfully deductible, rather than treating the loss as a capital loss, which issubject to limitations. Many tax breaks, limitations and additional taxes tee off of adjusted gross income (AGI)...

Best Accounting Software For Small Business Of 2024

da Matiba | 26 Dic 2023 | Bookkeeping

Plus, Wave Pro users can access discounted payment transaction fees while Wave Starter users pay industry standard fees with no discount. Solopreneurs can start out with Xero Early or Growing, then expand to Xero Established. This higher-tier plan comes with advanced...