Explore opportunities with innovative, VC-funded companies and build a fulfilling career as a skilled professional at the forefront of the industry. How AP Outsourcing Works The best partners can readily identify challenges in the full AP lifecycle and are experts at implementing process improvements and best-in-class tools to resolve them. They are also able to…
read moreWhen a fixed asset reaches the end of its useful life, it is usually disposed of by selling it for a salvage value. In some cases, the asset may become obsolete and will, therefore, be disposed of without receiving any payment in return. The fixed asset is written off the balance sheet since it is…
read moreThese services include recording what money comes into and flows out of a business, such as payments from customers and payments made to vendors. While bookkeepers used to keep track of this information in physical what exactly does a bookkeeper do books, much of the process is now done on digital software. It helps to…
read moreThe stock dividend increases the number of shares outstanding, just as a stock split does. As an alternative, the corporation creates a memo entry in its journal describing the stock split and indicating the new par value. After the stock split, the balance sheet will reflect the new par value and the new number of authorised,…
read moreDiscount notes are fixed-income securities that do not make interest payments for the duration of the note. Since investors don’t get the added advantage of periodic interest income, the notes are offered at a discount to par. A promissory note is an unconditional promise to repay a pre-defined sum of money at a future point…
read moreIf the rejection is inherent, the same cost is incorporated into the manufacturing cost. In that case, the cost due to rejection is settled with factory overheads. Materials required for the job are issued from the stores on the basis of a BOM or a materials requisition form. A bill of materials (BOM) is a…
read moreUsing the double declining balance depreciation method increases the depreciation expense, reducing the tax expense and net income in the early years. The Double Declining Balance Method (DDB) is a form of accelerated depreciation in which the annual depreciation expense is how to calculate gross income per month greater during the earlier stages of the…
read moreA contra asset account is an account in the balance sheet that offsets the balance of a regular asset account. Contra accounts are used to reduce the value of the original account directly to keep financial accounting records clean. This type of account could be called the allowance for doubtful accounts or a bad debt…
read moreA contra asset account is an account in the balance sheet that offsets the balance of a regular asset account. Contra accounts are used to reduce the value of the original account directly to keep financial accounting records clean. This type of account could be called the allowance for doubtful accounts or a bad debt…
read moreIt’s impossible to know how much money you’re making on the goods and services you sell if you don’t calculate your cost of goods sold. This information can also alert you if you’re overspending on products or materials, and allows you to make proactive adjustments to increase your net profit. As an added bonus, your…
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