If materials and tools are readily available and in good condition, workers can perform tasks more efficiently, resulting in favorable variances. Shortages or poor-quality tools can hinder productivity, causing unfavorable variances. By analyzing labor rate variance, companies can determine if they are paying more or less for labor than expected and identify areas where wage […]
Category Archives: Bookkeeping
If you rented a condominium unit or a unit in a cooperative housing complex, you are considered a renter for purposes of applying for the ANCHOR benefit. The address you use to claim the ANCHOR benefit must have been your main home on October 1, 2021. In general, your residence must have been subject to […]
Keeping track of financial transactions such as purchases, sales and payments take a great deal of time, energy and patience. As a business owner or manager, you have many other things on your plate. So why would you want to struggle to keep up with all the complicated number crunching and paperwork? Our bookkeeping services […]
Keeping track of financial transactions such as purchases, sales and payments take a great deal of time, energy and patience. As a business owner or manager, you have many other things on your plate. So why would you want to struggle to keep up with all the complicated number crunching and paperwork? Our bookkeeping services […]
Companies can expect, with relative certainty, that they will be paid their outstanding receivables. But because of the time value of money principle, time spent waiting to be paid is money lost. To calculate your DSO for a given period (a single month for instance) you’ll need to know your total receivables and total net […]
Alternative A reports a net income amounting to $750,000, while Alternative B’s net income totals $855,000. Based purely on the available financial information, the management team should decide to take on Alternative B as a new and/or additional segment. The example below briefly illustrates the concept of incremental analysis; however, the analysis process can be […]
Consistency or improvement in DSO figures is generally more favorable than fluctuating or increasing trends. With an invoicing software, you can track payment status, set automated payment reminders to be sent out, and customize your invoices according to individual customers. The additional advantage here is that the invoices have the payment terms (Net 30 or Net 60) and the payment […]
If there is a change in value, that amount decreases the goodwill account on the balance sheet and is recognized as a loss on the income statement. After all, when reading a company’s balance sheet, it can be very difficult to tell whether the goodwill it claims to hold is in fact justified. For example, […]
This means you can handle expenses easily, no matter where your employees are. Sandra Habiger is a Chartered Professional Accountant with a Bachelor’s Degree in Business Administration from the University of Washington. Sandra’s areas of focus include advising real estate agents, brokers, and investors. She supports small businesses in growing to their first six figures […]
We believe that startups deserve to know what their monthly bookkeeping costs will be, which is why we offer set, recurring packages. The highest end of these packages are suitable for divisions of public companies, http://www.php.su/functions/?pdostatement-bindparam startups with multiple locations with complex compliance needs and more. Unloop is the first and only accounting firm exclusively […]