Kategori: Bookkeeping

The direct materials variances measure how efficient the company is at using materials as well as how effective it is at using materials. There are two components to a direct materials […]

As a company grows, it may have learned ways to produce more without a need to increase its expenses, resulting in a higher revenue stream. However, a favorable variance may […]

The following sections explain how management can assess potential causes for a favorable or adverse material price variance and devise a suitable response to the variation. If a budget variance […]

How much is the direct materials quantity variance of Prime Furniture Inc. for the month of December 2022? To begin with, calculating direct material variance involves comparing the standard cost […]

When a company issues convertible debt, it means that debt holders who choose to convert their securities into shares will dilute current shareholders’ ownership. In many cases, convertible debt converts […]

This can make it difficult to compare fully diluted EPS across different periods. Non-recurring events and exceptional items can also impact the fully diluted EPS calculation. This could indicate that […]

This is why you’re doing bank rec, and there’s often controller vs cfo: 6 key differences to understand a straightforward explanation. Bank reconciliation is a way to double-check your bookkeeping. […]

It’s also good for detecting wrong payments or fraud. Bookkeeping includes everything from basic data entry to tax prep. Let’s look at the core jobs and see how they’re done. […]

If they don’t sync up, you need to figure out why. It’s most likely because you mistyped some information into your business accounts, entered it at the wrong time, or […]

Both sets of records should agree with how to account for bad debts with the direct write each other. Accounting software speeds up bank reconciliation by pulling transaction data directly […]