da Matiba | 26 Mag 2023 | Bookkeeping
Last week, Static-X fans thought they had identified the reformed band’s mysterious vocalist Xer0 as Edsel Dope – but the frontman of Dope has since quashed those claims, comparing the speculation to “an episode of Scooby-Doo”. “When it came time to put it on...
da Matiba | 22 Mag 2023 | Bookkeeping
Applying the Realization Principle, which dictates that revenue should only be recognized when it is earned and realizable, presents a myriad of challenges for businesses across various industries. This principle is foundational to accrual accounting and aims to match...
da Matiba | 15 Mag 2023 | Bookkeeping
That part of the accounting system which contains the balance sheet and income statement accounts used for recording transactions. In our examples below, we show how a given transaction affects the accounting equation. We also show how the same transaction affects...
da Matiba | 25 Apr 2023 | Bookkeeping
Examples of product costs include the cost of raw materials used, depreciation on plant, expired insurance on plant, production supervisor salaries, manufacturing supplies used, and plant maintenance. Effective management of Period Costs involves implementing cost...
da Matiba | 17 Apr 2023 | Bookkeeping
If you want a built-in payroll, you’re out of luck, although Xero integrates directly with Gusto. There’s also no built-in payment processing, although third-party options like Stripe, Square, and Payroll are supported. You also won’t find live bookkeeping services...
da Matiba | 25 Nov 2022 | Bookkeeping
Profits will equal the number of units sold in excess of 3,000 units multiplied by the unit contribution margin. However, when CM is expressed as a ratio or as a percentage of sales, it provides a sound alternative to the profit ratio. Fixed costs are often...