Bookkeeping

January 17, 2024

Contribution Margin CM Formula + Calculator

The contribution margin measures how much money each additional sale contributes to a company’s profits. Business owners generally use the contribution margin ratio on a per-product […]
December 27, 2023

Purchase allowance definition

As mentioned, these transactions do not impact the purchases account. Nonetheless, it is crucial to understand how a company records the purchase of products or services. […]
November 27, 2023

Retained Earnings Formula + Calculator

Let’s say your company’s dividend policy is to pay 50 percent of its net income out to its investors. In this example, $7,500 would be paid […]
November 2, 2023

The Beginner’s Guide to Project Accounting Including Calculations

What’s more, the benefits of project accounting don’t end when the project is complete. Forecasting is an essential aspect of every business and it’s important for […]
July 24, 2023

TLM Support Mobile

Click the in the Department field and select the desired Department. Review and confirm the information is accurate. Then, click Approve Timecard. Click the hyperlink for […]
July 10, 2023

Liability: Definition, Types, Example, and Assets vs Liabilities

In accordance with GAAP, liabilities are typically measured at their fair value or amortized cost, depending on the specific financial instrument. Bonds Payable – Many companies choose […]
June 9, 2023

Inventory Turnover How to Calculate Inventory Turns

Cost of goods sold is an expense incurred from directly creating a product, including the raw materials and labor costs applied to it. You may have […]
June 9, 2023

8 Non-Profit KPIs you should be tracking and why

It is also important for boards to understand that resource providers monitor the organization’s ratios. Management should anticipate and be prepared to address the concerns of […]
May 19, 2023

How To Reconcile a Credit Card Balance in QuickBooks Desktop

Reviewing transactions in QuickBooks Online facilitates the identification of fraudulent activities or unauthorized charges, contributing to a comprehensive and secure financial management system. With its ability […]
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