Bookkeeping

It means selling the oldest inventory first in a retail or eCommerce setting. FIFO is also used in accounting for the cost of goods sold by a business owner. Going back to our retailer for example, let’s assume the five shirts that were purchased in May costs $7 per shirt. At the start of the […]

An actuarial valuation is a type of appraisal of a pension fund’s assets versus its liabilities, using investment, economic, and demographic assumptions for the model to determine the funded status of a pension plan. In many ways, actuarial value is the equivalent of accounting value in the context of pension fund accounting. Asset valuations can be heavily influenced by […]

You need to stay on their radar so that when a PR opportunity arises, you have a better chance of getting their attention. However you define PR, it’s important to think of the reason behind your PR activities. With intention leading the way, you can start shaping your audience’s opinions for your desired outcomes. Best […]

From time to time, I will invite other voices to weigh in on important issues in EdTech. We hope to provide a well-rounded, multi-faceted look at the past, present, the future of EdTech in the US and internationally. In regression analysis, the difference between the observed value of the dependent variable and the predicted value […]

You can align an audit trail and fulfill regulatory compliances of the business with maintaining accurate reports and information. You must follow the listed top-notch practices to surpass the above challenges and upgrade your true-up entry process. Accounting principles and standards are complicated along with a tendency to change. We have a list prepared with […]

Additionally, prevention costs can help to reduce overall costs by minimizing the need for rework, repairs, and other corrective actions. This can save businesses significant amounts of money in the long run, as it is much cheaper to prevent a problem from occurring in the first place than fixing it after the fact. Monitoring external […]

While the income statement does a good job at providing information about the restaurant’s financial happenings over a period of time, it’s not enough on its own to properly understand the restaurant’s performance. An income statement does not include the assets restaurant cash flow and liabilities owned by a restaurant, and thus, does not provide […]

Content Negotiate Credit Card Interest Rates Subtract Your Expenses From Your Income Envelope Budget Review Spending How can I use my budget? What is a Budget? Operating Without a Budget Thus a large administrative effort is needed in the accounts department each time a rolling budget is prepared, to keep the accounting records up-to-date. Unlike […]

Content Catching Clouds QuickBooks Live Your business isn’t bookkeeping. But ours is. Let us take care of it for you. Compare runner-up bookkeeping service features Ignite Spot Accounting: Best reporting It prepares financial records to help you track your revenues and expenses. Accounting firms help you with your long-range planning with cash flow projections and […]

As a result these items are not reported among the assets appearing on the balance sheet. You can earn our Balance Sheet Certificate of Achievement when you join PRO Plus. To help you master this topic and earn your certificate, you will also receive lifetime access to our premium financial statements materials. These include our […]