Category Archives: Bookkeeping
February 9, 2024
It states that expenses incurred during a period should relate to (or match up with) the revenues earned during the same period. This…
December 27, 2023
QXAS delivers depreciable asset definition services tailored for CPAs, accounting firms, and tax professionals across various sectors. Their expertise is designed to streamline…
December 26, 2023
On the line to the left of the entry space for line 12d, identify the type of deduction. If there is more than…
December 25, 2023
Choose which payments to outsource and retain full oversight of your accounts payable. Collect rent more quickly! Give residents the convenience of making…
December 21, 2023
On the line to the left of the entry space for line 12d, identify the type of deduction. If there is more than…
December 8, 2023
Other reports let you track inventory of products developed in the same batch and component quantity used on assemblies and pending builds. You…
December 2, 2023
In such cases the value is considered as nil as it is termed irrelevant. In case the residual value is important then the…
November 28, 2023
To quickly identify if a cost is a period cost or product cost, ask the question, “Is the cost directly or indirectly related…
November 21, 2023
Purchases made throughout the year are added to the inventory to calculate COGS. At the end of the year, any unsold inventory is…
November 14, 2023
That's a huge range because the title "accountant" broadly covers individuals at varying levels of responsibilities. Typically, the senior accountants and auditors with…