Bookkeeping

What is considered a good operating leverage depends highly on the industry. A higher operating leverage means the company has higher fixed costs, and a lower operating leverage means the company [...]

The percentages are next compared with those of the previous periods to establish the trend of actual and current standard from basic cost. If the actual performance is found to be abnormal, [...]

For details on specific deductions available in California, see the list of California income tax deductions. California doubles all bracket widths for married couples filing jointly except the [...]

When it comes to your business, one of your main goals (if not your biggest goal) is to make a profit. And to find profit, you may need to look at explicit and implicit costs. Implicit costs play [...]

This necessitates project-specific accounting methods, where revenues, costs, and cash flows are tracked separately for each project to ensure profitability. Cash flow is the lifeblood of any [...]

In summary, incremental cost provides a lens through which we evaluate changes, weigh alternatives, and make informed decisions. Whether you’re bookkeeping and payroll services a manager, [...]

Receipts are important for businesses as they help to maintain accurate financial records, and they are writing a receipt crucial for customers as they provide evidence of a purchase. Whether you [...]

Examples include interest earned from savings or investments, rent from leasing out property, any special partnerships or royalties, and income from ads or sponsorships. They might also have to [...]

Under cash basis accounting, revenue is reported on the income statement only when cash is received. The cash method is typically used by small businesses and for personal finances. [...]

It helps minimize the chances of downplaying the costs or artificially inflating the profitability of a project, and thereby keep managers fair and honest in their investment proposals. It also [...]