February 17, 2022 FIFO Method Formula: Accounting Explained If you’re ready to try out a dedicated inventory system, Zoho Inventory is free to start. If you’re a business that has a low volume of sales looking for the most amount of detail, specific inventory tracing…
January 12, 2022 Finance and accounting outsourcing Services At SuperStaff, a leading BPO provider with a strong presence in the U.S., Colombia, and the Philippines, we strive to elevate your financial services and steer you through difficult economic uncertainties. Using our highly advanced software, we…
December 14, 2021 Corporation: What It Is and How to Form One Each partner contributes capital in the form of labor, money, or skill, and profits and losses are shared. A sole proprietorship is a business that is run by an individual for his/her own benefit. The liabilities of…
October 21, 2021 Is Accounts Payable a Credit or Debit? Cash or bank transfers are the two most common methods that businesses use to make a debit to Accounts Payable. Consequently, the double entry for the payback of Accounts Payable should look like this. A company’s Accounts…
September 21, 2021 7 Best Free Accounting Software for Small Businesses 2023 With a clear interface and features such as easy invoicing, expense tracking and timekeeping, users can navigate their financial tasks without a steep learning curve. The platform prioritizes simplicity, ensuring that even those with free bookkeeping software…
September 15, 2021 What is a capital lease versus an operating lease under ASC 842? The second exception is for leases which are deemed immaterial to financial statement users. ASC 842 does not establish a materiality exception or threshold, but materiality exemptions are allowed overall by US GAAP. If an entity has…
September 14, 2021 Data and Prediction Arm Span : Fathom Dynamic Data Software They are also used in the medical world; a sizable deviation from a human body ratio can indicate a body that does not develop according to expectations. In this science activity we will examine some human body…
September 10, 2021 Effective Inventory Management Strategies for Modern Businesses By tracking sales and deploying accurate forecasting methods, businesses can achieve better inventory control, reduce costs, and respond swiftly to changing market demands. This ultimately online store inventory leads to improved profitability and customer satisfaction. To effectively…
September 10, 2021 What Are Typical Examples of Capitalized Costs Within a Company? Having a firm understanding of the difference between fixed and variable and direct and indirect costs is important because it shapes how a company prices the goods and services it offers. Knowing the actual costs of production…
August 11, 2021 The Future Of Blockchain In Accountancy Smart contracts on the blockchain execute when certain conditions are met without the need for trusted intermediaries to verify the fact (Coyne and McMickle, 2017; Kokina et al., 2017). There is already evidence to show how blockchain…
