Category: Bookkeeping

The two types of organizational chart formats that are most often used are hierarchical and flat. Hierarchical is the most common and it shows the ranking…

The team at Merritt works in QuickBooks, which is helpful for easy handoff to your accountant and in case you decide down the line to bring…

If the sentence is written in simple past tense, you just remove the punctuation and change the verb to past perfect to make it indirect speech.…

Businesses track contingent liability using accounting software. This form of liability is less risky as the time of payment is shorter and immediate. It is easier…

Thus, gross revenue does not consider a company’s ability to manage its operating and capital expenditures. However, it can be affected by a company’s ability to…

For example, suppose a company’s inventory was purchased for $100.00 per unit two years ago, but the market value is now $120.00 per unit at present.…

On the other hand, unfavorable mean the actual labor cost is higher than expected. The labor efficiency variance calculation presented previouslyshows that 18,900 in actual hours…

Business owners who earn a net income of less than $400 can skip paying the self-employment tax, but that’s the only tax that small business owners…

Unlike the P/E ratio, the earnings yield is expressed as a percentage and used to compare stocks to different assets such as fixed-income securities like bonds…

Help is available when beginning, improving, or expanding a small business. LITCs represent individuals whose income is below a certain level and who need to resolve…