Categoría: Bookkeeping

The Woodard Report is a collection of articles from several authors to advance the understanding and knowledge surrounding the accounting profession and technologies connected to that profession. A new forklift…

The overall difference between absorption costing and variable costing concerns how each accounts for fixed manufacturing overhead costs. Unlike absorption costing, variable costing doesn’t add fixed overhead costs into the…

Just like the accounting equation, it shows us that total assets equal total liabilities and owner’s equity. Companies compute the accounting equation from their balance sheet. They prove that the…

This will be illustrated when non-interest-bearing long-term notes payable are discussed later in this chapter. As the length of time to maturity of the note increases, the interest component becomes…

A D/E ratio determines how much debt and equity a company uses to finance its operations. The Debt to Equity Ratio is a financial metric used to evaluate a company’s…

After all, if you own a business, even a very small one, you need to do things besides invoice your customers. Determining what features are important to you is key…

References to federal income tax withholding don’t apply to employers in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands (CNMI), the U.S. Virgin Islands (USVI), and Puerto Rico,…

Another key element to understanding the general ledger, and the third step in the accounting cycle, is how to calculate balances in ledger accounts. In this case, you debit $20,000…

Every payment that goes solely toward your principal builds equity in your car. As you build equity in your car, you get closer to owning it outright. It also reduces…

We are proud to provide the combination of big-firm knowledge with a personalized, friendly service and concentrate on making certain that both our work and our methods are absolutely confidential. At Bookkeeping…