Category: Bookkeeping

Contribution margin, when expressed as percentage of sales is called contribution margin ratio. This is a step further from the base calculations, but having done the math on BEP beforehand, you can easily move on to more complex estimates. We use the formulas for number of units, revenue, margin, and markup in our break-even calculator… Continue reading Break-Even Analysis: How to Calculate the Break-Even Point

For a sample training presentation for supervisors and other individuals who manage nonexempt employees, see FLSA Training for Supervisors Part V. The following methods offer exceptions to the normal FLSA overtime pay requirements. Employers are not required to include holiday and vacation pay in their calculation of the regular rate when no work is performed due… Continue reading Overtime Pay U S. Department of Labor

The integration of ADP with QuickBooks Online saves significant time and effort by streamlining payroll processes, data transfer, and financial record management, enabling efficient resource allocation. By enabling the integration of ADP with QuickBooks Online, businesses can streamline their payroll and financial management while maintaining the highest standards of data security. The authorization process is… Continue reading Integrate QuickBooks Time and ADP RUN

Liability insurance can protect you from lawsuits and claims related to injuries or damages caused by your business or its employees. Ordinary expenses are common and accepted in your relevant industry, while necessary expenses are helpful and appropriate for your business. This guide will help you make sense of your expenses and take control of… Continue reading Property, Plant, and Equipment PP&E Definition in Accounting

Its CFO services include bank reconciliations, profit improvement, management audits, and government compliance. The firm also has specialists in aviation and wealth management. Accountex is an accounting firm serving personal and business clients throughout the Dallas, Texas, metro area. Other options include forensic accounting, cash flow management, strategic business planning, and tax preparation, planning, and… Continue reading Bookkeeping near me? Accounting Services in Dallas, Texas

We are a complete outsourced solution and endeavor to ensure that the benefits we provide our clients always outweigh the costs. By handling tax, compliance needs, 13 accounting tips to keep the books balanced and accounting for churches, we help our clients keep their focus on ministry. Simply put, we’re here so you can be… Continue reading Church Bookkeeping & Financial Support for Small and Growing Churches

Then, look for a software with a free version or one with enough features to replace some of your labor needs, such as a PEO that will handle your payroll management. A basic payroll solution helps you pay employees and, on some platforms, contractors. Use it to facilitate direct deposit as well as to manage… Continue reading Compare Mortgage Rates and Loans

By specifying the terms of an agreement, an engagement letter can act as a protective document in case of disputes or legal challenges. For an engagement letter to be valid, it should be reviewed and signed by both the lawyer and the client. Once again, our personal favorite is Ignition because it’s easy to use, has engagement… Continue reading How to Write an Engagement Letter: Tips and Examples

Understanding fixed asset accounting is fundamental for businesses to effectively manage their long-term tangible and intangible assets. It involves evaluating asset valuation methods, depreciation, and lifecycle management, influencing financial statements and overall company performance. Properly recording fixed asset entries ensures accurate financial reporting and adherence to accounting standards. Fixed asset accounting involves recording and tracking… Continue reading Booking Fixed Asset Journal Entry with examples

Companies can depreciate the value of these assets to account for wear and tear. Fixed assets commonly appear on a company balance sheet as property, plant, and equipment (PP&E). A fixed asset is an item having a useful life that spans multiple reporting periods, and whose cost exceeds a certain minimum limit (called the capitalization… Continue reading Fixed Asset Accounting: A Beginner’s Guide To Assets