Bookkeeping

30 Nov

Posted at 20:06h in Bookkeeping

An unfavorable MQV indicates higher material usage than planned, leading to increased production costs. Identifying and addressing the causes of MQV is essential for maintaining control over production expenses and improving cost efficiency. Poor-quality materials may require more quantity to achieve the desired production output...

24 May

Posted at 11:35h in Bookkeeping

So, instead of naming them all, you’ll find the most common receipt examples below. Method 1 Handwriting a Receipt Purchase a receipt book to make receipt writing easier. Receipts are essential for accurate record-keeping and financial planning, ensuring compliance with state-specific regulations. Remember to start...

21 Apr

Posted at 13:25h in Bookkeeping

The permanent accounts are all of the balance sheet accounts (asset accounts, liability accounts, owner’s equity accounts) except for the owner’s drawing account. Fees earned from providing services and the amounts of merchandise sold. Under the accrual basis of accounting, revenues are recorded at the...

06 May

Posted at 19:36h in Bookkeeping

These certifications provide accountants and bookkeepers with the knowledge and skills necessary to effectively navigate and utilize QuickBooks software. QuickBooks Online bookkeeping certifications focus on cloud-based accounting, teaching professionals to efficiently manage clients’ financial data from anywhere. By effectively communicating your ProAdvisor certification, clients can...