In such cases, having a VCFO lets you take care of the specific business requirements without having to take care of their ancillary costs, such as insurance, healthcare, and more. Also, you may only require them for specific functions, which means that these individuals charge...
If the net amount is a negative amount, it is referred to as a net loss. That part of the accounting system which contains the balance sheet and income statement accounts used for recording transactions. The accounting equation tells us that ASI has assets of...
She started her career as a software developer specializing in human resource management (HRM), payroll, and quality systems. Over her extensive career in education, Sherida has held several roles, including program lead, college professor, and division dean for business and information systems. We are a...
For example, if a company spends $5 on raw materials per unit and produces 1,000 units, the total variable cost for raw materials would be $5,000. If direct labor costs $10 per hour and it takes 0.5 hours to produce one unit, the total...
To see a more comprehensive example, we suggest an Internet search for publicly-traded corporation’s Form 10-K. If the company ever needs to be liquidated, SE is the amount of money that would be returned to these owners after all other debts are satisfied. Adam Hayes,...
Generate spreadsheets, automate calculations, and pay vendors all from one comprehensive system. Try FreshBooks free to start streamlining your LIFO inventory management and grow your small business. GAAP sets accounting standards so that financial statements can be easily compared from company to company. GAAP sets...
We stay up to date with all federal and state tax laws to ensure our clients get superior quality service. Our Certified Public Accountants and Enrolled Agents utilize the best processes and practices for tax preparation, helping you stay compliant while minimizing your tax liability....
It represents the rate at which the future value of the sum of money is discounted in order to get to its present value. Present-value (PV) factors convert future cash flows into their equivalent worth today. The core present value factors idea rests on the...
Moreover, Goodwill is often categorized as a “soft” Goodwill asset because it is difficult to quantify and is not guaranteed to generate revenue in the future. To record goodwill, the first step is to identify the purchase price of the acquired business. This includes the...
Whether you need assistance with your current tax and bookkeeping, or advice regarding sales and payroll taxes, we are able to deliver high quality professional service that will exceed your expectations. Our team of professionals are the best when it comes to handling tax and...