Category: Bookkeeping

Labor costs in India are substantially lower compared to Western countries, making it possible for companies to get high-quality services at a fraction of the cost. Outsourcing to India allows…

As you can see from the list of variance causes, different people may be responsible for an unfavorable variance. For example, a rush order is probably caused by an incorrect…

The cheaper “cost-on-yield” makes this a better long-term investment strategy. When a publicly traded company generates profits, it has three choices for using https://uspaydayloansfh.com/financial-terms-defined.html the cash. It can direct the…

An “extension of your team” mentality is important as well, prioritizing regular communication and transparency. The pandemic further spotlighted the inadequate infrastructure and poor healthcare systems that impact service delivery in many…

Although the balance sheet always balances out, the accounting equation can’t tell investors how well a company is performing. Essentially, the representation equates all uses of capital (assets) to all…

Their purpose is to provide consistent information to investors, creditors, regulators, and tax authorities. Financial accounts have two different sets of rules they can choose to follow. The first, the…