Bookkeeping

For example, let’s assume that a company manufactured 2000 motorcycles for this year and 30% of motorcycles were lost due to defects. If these defects are non recurring then such units should be excluded from equivalent production. Equivalent units is a cost accounting concept that is used in process costing for cost calculations. It is […]

You’re in full control, with the ability to pre-set spending limits and track cashflow with integrated accounting tools. Remember, we’re focusing here on expenses that are rare or unusual, have irregular timing, and are only a small amount. GoCardless helps you automate https://bookkeeping-reviews.com/ payment collection, cutting down on the amount of admin your team needs

When you deposit money, you create credits and debits. The same goes for when you borrow and when you give up equity stakes. However, your friend now has a $1,000 equity stake in your business. With the loan in place, you then debit your cash account by $1,000 to make the purchase. Liabilities work in

Each period the interest expense (4,249) is the interest paid to the bondholders based on the par value of the bond at the bond rate (4,800) less the premium amortized (551). When a bond is sold at a discount, the amount of the bond discount must be amortized to interest expense over the life of

Depending on your requirements, we can work for a short period or on a regular basis. Many companies have chosen us to help them integrate QuickBooks bookkeeping software into their bookkeeping strategy. Our professionals provide one-on-one training to help you master the foundation of QuickBooks and keep your financial statements in order. The employees of