Bookkeeping

Thus, the level of production along with the contribution margin are essential factors in developing your business. Now, it is essential to divide the cost of manufacturing your products between fixed and variable costs. The difference between fixed and variable costs has to do with their correlation to the production levels of a company. As […]

Many of these projects span more than one year, with funds raised in one year being spent in another. Your accounting system should support tracking multiple funds across fiscal years. Although nearly all churches are tax-exempt organizations, that doesn’t mean your church can write off tax season! Locations, funds, and departments: common building blocks of

First, there are some obvious reasons why there might be discrepancies in your account. If you’ve written a check to a vendor and reduced your account balance in your internal systems accordingly, your bank might show a higher balance until the check hits your account. Similarly, if you were expecting an electronic payment in one

Accurate job costing facilitates project management and helps accountants monitor profitability. Due to the long-term nature of construction projects, change orders occur often. Construction accountants must update project estimates and recalculate project profitability after every change order. Ensure Job Costing Accuracy In effect, this means that each member of the partnership pays separate taxes. However,