Content Human error/accidents: Additional Resources Causes of inventory shrinkage Need help with accounting? Easy peasy. Automate inventory management when possible Here are the 5 most common themes we got when it comes to controlling shrinkage. Remember, shrinkage is not a…
Content Company Do Contra Accounts Have Debit or Credit Balances? Depreciation Expense Account Vs. Allowance for a Depreciation Account How to Use Contra Asset Accounts What Is the Journal Entry if a Company Pays Dividends With Cash? A debit balance…
Content Getting help with independent contractor taxes Reporting self-employment income Home Office Do I need receipts for 1099 write-offs? Summary: Best Tax Software for the Self-Employed Self-Employment Taxes for Freelancers & Independent Contractors Abroad Both of them could write off…
Content Accounting Services Do you need help with your business bookkeeping? Level of Education Financial and management reports You may also be subject to late fees if you fail to submit financial data on time. By the end of it,…
Content What are the three components of retained earnings? Retained earnings vs. reserves Find your net income (or loss) for the current period Retained Earnings With no Dividend Ready to Level Up Your Career? Let Layer automate the boring, repetitive…
It is calculated by taking the cost pool total and dividing it by the cost driver. This is batch level because machines are setup and prepared for every production https://accounting-services.net/bookkeeping/ run, which is done for a batch of inventory. Facility-level…
Content How Long is the Reporting Period? Accounting Period definition Accounting period and fiscal year How to ensure that there is a reliable and comparable set of financial statements? In some of the ERP tools there are more than 12…