Category: Bookkeeping

This is done privately or via a stock exchange if the shares have been listed for sale publicly. Companies are also required to disclose any restrictions or limitations on the ownership or transfer of common stock. This includes information about any lock-up agreements, voting agreements, or shareholder rights plans that may affect the liquidity or […]

Under the Direct Write-Off Method, the company would write off the $10,000 in March, which could lead to a sudden dip in profits for that month. Conversely, if the company had used the Allowance Method, it would have estimated a percentage of bad debts at the end of January and recorded an allowance. If the […]

Virtual CFO Solution offers an array of accounting solutions in Tampa and nearby locations. It caters to clients in the real estate, manufacturing, e-commerce, construction, restaurant, and medical or health care industries. The company provides monthly, quarterly, and annual bookkeeping services, which include bank reconciliation, sales tax collection and filing, and accounting system setup. It […]

They can be used for internal procurement (from one plant to another), external procurement of goods (direct consumption or stock) and services. It can also be used for subcontracting, third-party and consignment processes. Purchase orders can be created with reference to a purchase requisition, RFQ, quotation, another purchase order, contract, sales order. A unit of […]

This method can be applied to both small and large inventories, and the frequency can be customized based on business needs. With random counting, each item will be counted at different times, thus providing an overall view of the accuracy of the inventory over time. This approach ensures that all items have an equal chance […]

This method can be applied to both small and large inventories, and the frequency can be customized based on business needs. With random counting, each item will be counted at different times, thus providing an overall view of the accuracy of the inventory over time. This approach ensures that all items have an equal chance […]

Hence, the manufacturing overhead or factory overheads must be considered and taken into account while pricing the product and should be recovered to make the firm profitable. The cost of renting or owning a factory or production space is a major overhead. This includes business rates (a tax specific to commercial properties), property insurance, and […]

Check out the average hourly rate for accounting services in your region. Elevation CPA Group is a provider of professional bookkeeping and accounting services to business clients in the Indianapolis area. The full-service CPA firm can assist small businesses in a range of organizational areas including accurate record keeping and accounting that keep financials in […]

Mr. Hari Lal Ltd. must compute the average fixed cost to establish the appropriate pricing per doll. Let’s take a closer look at the company’s costs depending on its level of production. “The Pros & Cons of Variable Costing Accounting.” Houston Chronicle, smallbusiness.chron.com/pros-cons-variable-costing-accounting-43136.html. That said, you need to be able to reduce to the cost […]

CFOs also need to scan the horizon and look at the environment outside their company and around the globe. Strategic decisions for the organization can’t be made based solely on internal data. Various external factors in the market and even the world can directly or indirectly impact their organization. Being able to offer advice and […]