The NSF can be for insufficient funds, but it can also be a bank error, with your customer as upset as you are. But whatever the reason, the fact is that their NSF check is costing you both payment on the item purchased as well as an extra fee from […]
Bookkeeping
6 posts
The result is the direct labor cost per hour for the production of that product or the delivery of that service. Once you have the total cost, the direct labor rate is calculated by dividing that dollar amount by the total hours of labor calculated earlier. The work is more […]
One of the largest expenses of the new candy is labor because the candy must be dipped in chocolate by hand and the sea salt added to the top of the delicious caramels individually. This amount can be broken down further as explained in the calculation section below. Based on […]
The retail market is constantly shifting, requiring businesses to adapt and change with it constantly. Accounting software can help retailers be proactive by generating reports on key metrics like revenues and expenses. Visualizing product accounting services for startups performance and overall cash flow can help see where different stores are […]
Proper small business insurance is an important part of starting a bookkeeping business, but it’s also a pain for many. The process of finding and securing insurance at an affordable rate can seem overwhelming, but it doesn’t have to be. Bookkeeping businesses—especially if you’re the only employee—come with generally low […]
For public companies, regulatory bodies such as the Securities and Exchange Commission (SEC) in the United States oversee compliance with accounting standards and financial reporting requirements. The SEC mandates that publicly-traded companies adhere to GAAP when preparing their financial statements. By analyzing the cash flow statement and its three main […]