Category: Bookkeeping
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New 2024 ezAccounting Business Software Just Released To Include A New 943 Form For Agriculture
All of your important lease data and related insights are just a few clicks away with dashboards and tailored reports. Markets we serve include commercial, multifamily, single family housing, self storage, student housing, senior housing, coworking, affordable housing, PHA, military housing, airports and parks and recreation. Designed to increase revenue direct vs indirect materials and…
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Statement of Activities: Reading a Nonprofit Income Statement
A Statement of Activities shows whether an organization made a profit or a loss during a period of time. It is a financial snapshot that can be used to track the organization’s financial progress. Sharing these 3 sections with donors provides transparency and helps them understand where their donation goes. Websites like GuideStar also look…
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Cost of goods sold Wikipedia
On the contrary, under-purchasing might cause production to halt due to lack of necessary items, contributing to higher costs because of urgency and rush orders. Cost of goods manufactured is the total cost incurred by a manufacturing company to manufacture products during a particular period. Facilities costs (for buildings and other locations) are the most…
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Debt vs Equity Financing: What’s Best for Your SMB?
An investor with shares in a company will be paid a dividend as a return on their investment. Almost all the beginners suffer from this confusion that whether the debt financing would be better or equity financing is suitable. So here, we will discuss the difference between debt and equity financing, to help you understand…
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Bookkeeping for Owner-Operator Truck Drivers
Click below for our list of a few things that have changed and a few things that are carrying over from the previous tax season. ATBS, DAT’s exclusive trucker tax services partner, organizes and secures your records so you don’t have to. All of your records are available whenever you need them. Tom is a…
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Cost Drivers Explained What, Why and How They Matter
By understanding which factors contribute to the overall cost, companies/individuals can make more informed decisions about where to allocate their resources. These drivers can significantly impact a company’s profitability by increasing expenses and reducing revenue streams. Therefore, understanding the various cost drivers and their impact is essential for any business owner who wants to create…
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Non-Operating Expenses Definition, Examples, Accounting
Write-offs or write-downs may be considered non-operating expenses if they occur due to one-time sudden events like a natural disaster or downturns in economic conditions. Non-operating expenses include the financial obligations not related to core operations. After subtracting operating expenditures (including depreciation and amortization) from net sales, Home Depot’s income statement for the 2019 fiscal year shows…
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Retained Earnings RE Formula, Features, Factors, Examples
It is also an important metric to analyze its growth opportunities, since a company needs to reinvest the money to grow. Our balance sheet is in equilibrium, and our net profit of $400 matches our retained earnings. When investors or creditors look at a company’s financial statements, they’ll want to know how much debt it…
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Best Bookkeepers in Portland Oregon Bookkeeping Services
Our staff of financial professionals makes Portland bookkeeping easy and efficient for your nonprofit organization. Finding the right bookkeeping service in Portland shouldn’t be difficult. We make it easy to get the help you need so you can focus on running your business with confidence, knowing your bookkeeping is in good hands. Your bookkeeping team…
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Accounting and Bookkeeping
The table’s last row should show the accounting period’s ending balance (at month-end or year-end, for example). To do so, total assets must balance the sum of its liabilities and shareholders’ equity. This is known as the accounting equation, and the information appears on the company’s balance sheet. Effective bookkeeping requires an understanding of the…