The high-low method is used to calculate the variable and fixed costs of a product or entity with mixed costs. It considers the total dollars of the mixed costs at the highest volume of activity and the total dollars of the mixed costs at the lowest volume of activity. The total amount of fixed costs...Read More

In the cash accounting method, the company records transactions when cash comes in or goes out, so the cash flow statement gives an accurate picture of how much money there is in your company at any given time. http://panteres.com/article/138-green-microwaves—4-looking-greenish-ovens- In the accrual method, transactions are recorded without regard to cash flow. This means the cash flow statement...Read More

The second benefit is that the integrity of the business’s financial statements is less likely to be questioned or attacked. The reason being the revenue and expenditure of the business cannot be counterfeited because it needs the encrypted signature of the third party to accept the validity of the transaction. Therefore, there is no room...Read More

Further, the payment terms usually range between 45 days to two months. Sometimes, there are also agreements between the freelance designer and the client-company. One of the terms may include extra or additional charges for more than three revisions of the design copy or video produced. If you are a freelance software/web/app developer, use this...Read More

Cash includes paper currency as well as coins, checks, bank accounts, and money orders. Cash activities are a large part of any business, and the flow of cash in and out of the company is reported on the statement of cash flows. It shows the effect of every transaction taking place and how it affects...Read More

Content 5.2 Liabilities Calculating Shareholder’s Equity Owner’s Equity: Definition and How to Calculate It Stockholders’ equity: key takeaways Retained earnings generated by the business (increase). Shareholders, however, are concerned with both liabilities and equity accounts because stockholders equity can only be paid after bondholders have been paid. Shareholder equity is a company’s owner’s claim after...Read More

Content Latest Galleries Step 1: Estimate taxes owed How you can request a tax extension in 2023 File a Tax Extension Request Online Start your return for free on eFile with no commitment to understand your taxes. TurboTax Audit Support Guarantee – Business Returns. We will not represent you before the IRS or state tax...Read More

Contents: Lyra Small Business Services Learn About Atlanta Bookkeeping Solutions, LLC Bookkeeper Atlanta, GA, United States Browse Related Job Categories With Full Charge Bookkeeper I appreciate the service and would definitely use Complete Controller for my future businesses too. We want you to know that your help in getting our accounting organized is invaluable and...Read More

Managers can set it up so they receive email notifications letting them know that a PTO request has been submitted. They can also set up automatic approvals for specific employees or dates, saving them time from manually approving requests. Additionally, they’re able to create black out days, for those busy times of year where employees cannot...Read More

Workers should not suffer detriment for querying whether they are receiving the correct holiday entitlement and pay. The above scenarios should be avoided as it is important that workers are able to take their annual leave. This is to enable workers to rest from carrying out the work they are required to do under their...Read More