Category: Bookkeeping

Content Purpose and perks of having 13 accounting periods What Is the Accounting Period Cycle Concept? Managerial accounting Time Management Some of these costs are tied directly to production, while others are general expenses necessary to operate the business. Because the manufacturing process can be highly complex, manufacturing firms constantly evaluate their production processes to… Continue reading 6 1 Compare and Contrast Merchandising versus Service Activities and Transactions Principles of Accounting, Volume 1: Financial Accounting

Content What does 13 accounting periods mean, exactly? Want More Helpful Articles About Running a Business? What Are the Types of Accounting Period? Definition of Accounting Period Steps in the Accounting Cycle For example, restaurants make a product , sell products it does not make , and provides a service . When classifying companies, make… Continue reading Overview of Billing

Content Ionic Compounds Ionic vs Covalent Bonding Building the Periodic Table Introduction to Bonding[edit These intermolecular forces are discussed next and are all weaker than intramolecular forces. An ionic bond, also called an electrovalent bond, is a chemical bond formed by electrostatic interaction between two oppositely charged ions. The bond formation occurs between a cation,… Continue reading Ionic bond Definition, Properties, Examples, & Facts

Content Distribution policy Benefits of Dividend Declared But Not Paid How to invest in dividend stocks It’s set at that rate because it’s sustainable for the company to maintain even when energy prices are low. The payment date is the date on which the dividend payment is actually disbursed to shareholders. If a shareholder is… Continue reading 3 Ways to Account for Dividends Paid

Content Automate Three-Way Matching With Accounting Software Three-Way Matching Helps Businesses Catch Fraudulent Invoices The difference between 2-way, 3-way, and 4-way matching Damaged items Delivery verification What is the three-way match? How 3-way match automation can help This could increase the risk of losing talented staff to competitors that invest in AP automation tools. This… Continue reading What is the 3-Way Match Process in Accounts Payable?

Content Practice Specialties Business owner and have kids in private school? Read this.. Mixed Bill Value Counter& ATM Fitness Sorter Practice Forward D450 Automatic Counterfeit Bill Detector When you shop on Safescan.com, you enjoy a 30 day money-back guarantee on all items . During this time, you can return an item purchased from our online… Continue reading What Does Value Billing Really Mean?

Content Why Get a Mortgage Preapproval? Get help from Veterans Crisis Line VA loan limits Funding Fee Exemptions Best Mortgage for You National VA Loans is dedicated to helping veterans and military service members get a great mortgage. National VA loans is powered by LeaderOne Financial Corporation, LeaderOne Financial is a Equal Housing Lender. You… Continue reading Department of Veterans Affairs Home Loan Basics

Content Salaries expense debit or credit? Salary Due Journal Entry Salaries, Wages and Expenses on a Balance Sheet Best Account Payable Books of All Time – Recommended What is meant by the term liability? How To Record? Income Statement vs. Balance Sheet I’ll quickly summarize both of these for those of you who are new… Continue reading What is the Difference Between Payroll Expenses and Payroll Liabilities Accounting Education

LIFO ending inventory approach is more difficult to maintain than the FIFO as it can result in older inventory that never being shipped or sold. Also, lifo results in more complex records and even accounting practices because the unsold inventory prices do not leave the accounting system. The IFRS (International Financial Reporting Standards) does not… Continue reading Weighted Average vs FIFO vs. LIFO: Whats the Difference?

Content Why Nonprofits Shouldn’t Rely on the Executive Directors or Board of Directors for Accounting Bookkeeping Services For Nonprofits Use Nonprofit Accounting Software Grants management services Weekly reminders for your nonprofit organization And we’d be excited to show you how we can help your organization meet your goals. A crucial responsibility of nonprofit bookkeeping is tracking… Continue reading Nonprofit Bookkeeping and Accounting Services