Depreciation of Machinery – Percentage of original cost of machinery or machine hour rate. Manufacturing overhead is crucial to the production process and should be monitored closely. Manufacturing overhead allows each department within an organization’s structure (including https://kelleysbookkeeping.com/ management teams) accountability over how much money has been spent on ...
November 30, 2023Hugh
You’ll list an explanation below the journal entry so that you can quickly determine the purpose of the entry. The double-entry system provides a more comprehensive understanding of your business transactions. Understanding debits and credits is a critical part of every reliable accounting system. With a paper general ledger, the debit ...
November 28, 2023Hugh
On the other hand, a company with a low debt burden may be able to get away with paying a lower interest rate. The agency cost of debt refers to the idea that management teams are often incentivized to ...
November 21, 2023Hugh
MyBankTracker and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. By contrast, banks usually advertise the APR, not APY on loans, because the ...
November 20, 2023Hugh
We can find the reciprocal of any number, but we cannot apply the reciprocal condition on zero, since it will give an indefinite value. The fraction equivalent to the decimal number 0.25 is 1/4. Therefore, we can have a reciprocal for all real numbers but not for zero. To find ...
September 1, 2023Hugh
But in Massachusetts, where the state’s largest public transit system estimates a yawning budget gap of $628 million come July, top leaders have failed to advance any long-term solutions. Governor Maura Healey has appointed a task force to look into the problem ...
June 19, 2023Hugh
These caps are effective as of the first day of the first pay period beginning on or after January 1, 2024 (January 14, 2024, based on the standard biweekly payroll cycle). If you’re wondering how many paychecks in a year for monthly salaries? Biweekly payments can be for both salaried ...
March 2, 2023Hugh
They are firmly centered around helping you get rid of the bookkeeping work that you don’t want to do. As you are hiring someone offshore, you’ll certainly pay less than what you would onshore, though TOA Global is also not the ...
September 29, 2022Hugh
It's not an actual bank accounts which is why there's no option to reconcile it in QBO. It’s not an actual bank accounts which is why there’s no option to reconcile it in Total Office Manager. Reconciliation is also the redundancy that is needed to ...
May 18, 2022Hugh
In order to reflect the expense in the correct month, an adjustment must be made at the end January. Adjusting entries are needed to account for the depreciation expense and update the asset’s carrying value. This is the last type of adjusting entry we will cover in this article. Depreciation ...
December 22, 2021Hugh