Bookkeeping

As you continue to refine your approach to calculating and leveraging profit percentage, you’ll develop a more nuanced understanding of your business’s financial dynamics. This knowledge will [...]

This differs from variable costing, which only allocates variable costs to units and treats fixed costs as period expenses. Moreover, variable costing results in a single lump-sum spending line [...]

Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank [...]

An adverse or unfavorable material quantity variance occurs when the actual volume of materials used in production exceeds the standard quantity that is expected for the level of output in a [...]

Financial liabilities measured at amortised cost are the default category for financial liabilities that do not meet the definition of financial liabilities at fair value through profit or loss. [...]

The Capital Account is a permanent account that is used to record the owner’s investment in the business. It is a type of account that is used to track the money that the owner puts into the [...]

The depletion rate per unit of a natural resource or asset depends upon the total number of units expected to be extracted. This is calculated by dividing the depletion base less salvage value [...]

Broadly, a bookkeeper’s job is to manage the books by keeping track of day-to-day business finances. Bookkeeping professionals have their own expertise based on the types of businesses and [...]

When it comes to managing your finances, having a clear record of your cash transactions is essential. One tool that helps you stay on top of your expenses is the Cash Disbursement Journal. In [...]