Bookkeeping

Cross word puzzles are a great way to test your accounting knowledge. A question will appear with a text box to enter in your answer. Click ok and your answer will be entered in the puzzle. You can use the Check Puzzle button at the bottom of each puzzle to see

In this lesson, I explain the FIFO method, how you can use it to calculate the cost of ending inventory, and the difference between periodic and perpetual FIFO systems. This and other unethicalshort-term accounting decisions made by Petersen and Knapp led tothe bankruptcy of the company they were supposed to oversee

Then, coordinate with your customer or the financial institution involved to correct the issue. For example, if the return code is R08 (payment stopped), contact your client to determine why they issued a stop payment and have them contact their bank to reverse it. ACH returns can be disputed if the

Sales tax calculators help you quickly and accurately determine the sales tax amount and the final price after tax. Various online tools, like the Sales Tax Deduction Calculator by the Internal Revenue Service and the Sales Tax Calculator by NerdWallet, can be utilized based on the user’s needs and location. To

Remember, accurate calculations not only ensure legal compliance but also contribute to financial success. Calculating sales tax accurately is vital for businesses to remain compliant with tax laws and ensure they’re not over or undercharging customers. In this step-by-step guide, we’ll walk you through the process of calculating sales tax, explain

Record your time with your mobile Xero app, which works like a start-stop timer and has location-based mobile tracking. You can record a project's time for real-time job information and link the costs to specific projects or jobs. Xero project provides a comprehensive feature set to simplify small construction business accounting

Work in Progress (WIP) https://www.bignewsnetwork.com/news/274923587/how-to-use-construction-bookkeeping-practices-to-achieve-business-growth reports are essential tools for monitoring the financial health of your ongoing projects and their impact to the overall business. Where certified payroll typically tracks wage and fringe obligations for government agencies, union payroll needs to track and report wage and fringe obligations to the union

Reporting requirements for a particular union may exist on a national or a local level. Contractors can How Construction Bookkeeping Services Can Streamline Your Projects typically determine their requirements, especially when entering another jurisdiction, by checking with their local union business manager. For example, a crew might have a home union

Costs of sales (COS) are the costs directly related to a product or service, and they represent the cost of producing revenue. Product costs will include raw materials, labor, production equipment depreciation, etc. Service industry companies' COS include salaries of professional service providers; software-as-a-service companies' COS include hosting fees. It's much easier

In addition to the hard numbers available, you should apply your industry expertise to consider new opportunities for your business to grow. If you’re entering Series C, you should anticipate the extra investments and big returns that you’re aiming to experience this round. However, you may have enough market research to make