Bookkeeping

Each roof is a different size and will require specific roofing equipment and a varying number of labor hours. Each bid lists the labor, material, and overhead costs for the work. A piece of inventory is classified as a WIP whenever it has been mixed with human labor but has not reached final goods status.…

When it comes to international trade or business transactions, financial instruments play a crucial role in ensuring smooth and secure transactions. In this blog post, we will dive deep into the definition, uses, and types of Irrevocable Letter of Credit, providing you with a clear understanding of this important financial tool. For international trade, the…

There are some benefits — and a few drawbacks — to using the cost principle, which we’ll examine next. Appreciation is treated as a gain and the difference in value should be recorded as ‘revaluation surplus’. How the cost principle is applied depends on the situation, as noted below. Mary Girsch-Bock is the expert on…

Online bookkeeping services offer several advantages to businesses looking to manage their financial records efficiently. With online bookkeeping services, businesses can access their financial records from anywhere, at any time, and through any device with an internet connection. This allows business owners and their accountants to stay up-to-date on their finances and make informed decisions…

Dividing this figure by the 14 regulated handlers yields estimated average annual handler receipts of approximately $24,674,286 ($345,440,000 divided by 14 handlers), which is below the SBA threshold for small agricultural service firms. Therefore, using the above data, most of the producers and handlers of hazelnuts may be classified as small entities. This final rule…

Bookkeepers are crucial to every organization and certified bookkeepers are the elite of their profession. This 100% online course will prepare you for certification by the American Institute of Professional Bookkeepers (AIPB). Your bookkeeping team consists of 3 professionally trained bookkeepers, including one senior bookkeeper who reviews all of your monthly statements and your Year…