by | Mar 21, 2023 | Bookkeeping
ContentWhat is actual costing?What Are the Causes of Unfavorable Labor-Price Variances?How does relying on standard costing lead to suboptimal decision-making?What is the best way to learn more about standard costing and other alternatives?Article-Your Approach to...
by | May 25, 2022 | Bookkeeping
When drawee makes the payment of the bill before maturity, the drawer allows some discount to the drawee, which is known as a rebate. Since it doesn’t represent a product sold or service provided (your source of revenue) I would not record it as such. Discount...
by | May 24, 2022 | Bookkeeping
When drawee makes the payment of the bill before maturity, the drawer allows some discount to the drawee, which is known as a rebate. Since it doesn’t represent a product sold or service provided (your source of revenue) I would not record it as such. Discount...
by | Nov 9, 2021 | Bookkeeping
ContentWhat is a Law Firm Chart of Accounts?What are some best practices for law firm accounting?Introduction to Financial AccountingLaw firm bookkeeping and accounting is a necessary process for business growthWhat is Law Firm Accounting Software?Welcome to Attorney...
by | Sep 14, 2021 | Bookkeeping
ContentWhat is IRR?Can we prove our answer of 10% IRR?Video Explanation of Internal Rate of Return (IRR)What is the IRR for Proposal B?Calculation exampleUnderstanding Internal Rate of Return If you need to do IRR calculation in Excel on a regular basis, setting up an...
by | Sep 6, 2021 | Bookkeeping
The interest coverage ratio is a debt and profitability ratio that is used to work out whether your company can easily pay interest on its debt. Additionally, the interest coverage ratio is the ratio of your company’s earnings before interest or taxes (EBIT) to its...
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