Bookkeeping

Many industries operate around fixed-price, point-of-sale billing, but that’s not always the case with construction. Because construction production is project-based, decentralized and long-term, contractors may use a wide range of billing styles and methods. In this blog, we’ll dive into

In this guide, we will cover break-even analysis, when to do it, its components, how to calculate the break-even point and the benefits of doing it. There is no net loss or gain at the break-even point (BEP), but the

Say you run a small business that sells monthly subscription boxes of beauty products. The cost to produce and ship one box (your variable cost per unit) is $20. The contribution margin represents the revenue required to cover a business’

Otherwise, the business will need to wind-down since the current business model is not sustainable. When dealing with budgets you would instead replace “Current output” with “Budgeted output.”If P/V ratio is given then profit/PV ratio. A break-even point is a

This means Law Firm Accounts Receivable Management verifying the customer’s identity, engaging in ongoing monitoring, and ensuring funds are neither laundered nor used to finance terrorism. Businesses should check their ACH payment processors’ publicly available information around this. Same Day

There are no monthly fees, but the transaction rates increase depending on the features available on your chosen subscription plan. Stripe allows you to accept ACH payments through your online payment portal just like you would a credit card. It

While ACH payments offer an extra degree of convenience and flexibility for some, they best way to accept ach payments don’t work for every customer or every business. We collaborate with business-to-business vendors, connecting them with potential buyers. In some

It guarantees that a company’s financial situation and performance are appropriately reflected in its financial statements at any given moment. There are a number of accounting principles that accountants and investors follow to implement appropriate financial processes and make informed

The concept of materiality means an accounting principle can be ignored if the amount is insignificant. For instance, large companies usually have a policy of immediately expensing the cost of inexpensive equipment instead of depreciating it over its useful life

In short, the company’s financial statements are more complete when the accrual method is used. Since 1973, US GAAP has been developed and maintained by the Financial Accounting Standards Board (FASB), a non-government, not-for-profit organization. In 2009, the FASB launched