Bookkeeping

For example, if you run a manufacturing business, direct costs include the labor hours for manufacturing a product, along with the costs of running equipment to manufacture that product. Direct costs are significant because they are the easiest of the four types to allocate to specific activities or product lines, though they are not usually […]

Your choice can result in drastic variations in the cost of goods sold, web income and ending inventory. Therefore, many corporations in the phantom profit formula United States use LIFO even when the method doesn’t precisely mirror the actual move of merchandise through the corporate. This is known as «phantom profit.» The consequences of phantom […]

The best online legal billing solution is customizable, with branded invoices and flexible billing plans available to help you get paid faster. Create reports to get a clear picture of outstanding balances/accounts receivables that can be filtered by matter or person. Our legal time and billing software includes easy time tracking, expense tracking, LEDES billing, […]

Academic programs offered through accredited institutions provide an important level certified bookkeeper of validation that may improve your chances of landing a job. A bookkeeping certification is a professional designation awarded to qualified candidates by third-party agencies. They take care of day-to-day operational functions involving incoming and outgoing money, such as accounts payable, accounts receivable, […]

These include profit and loss statements, cash flow and sales tax reports, Invoice by Customer reports, a Purchases by Vendor overview, and an Aged Payables and Aged Receivables report. For example, although Shopify’s basic plan offers finance reports and limited access to inventory reports, it doesn’t include sales and profit reports. As your business grows, […]