Content Statement of Operations Statement #1: The income statement Beyond the Profit and Loss Statement Measuring a company’s financial strength What Is a Statement of Operations? (Definition and Example) Net Cost of Government Operations These periodic statements are aggregated into…
Category: Bookkeeping
Certified Bookkeeper : Continuing Education : Texas State University
Content Step 5: Consider earning certification is specialty areas of the field Key skills to become a top bookkeeper Increased Earnings Potential Finding a Job Harvard Business School What Does the Bookkeeper Role Involve? Bookkeeper Training Options What can you learn…
Retained earnings Wikipedia
Content Revenue vs. Retained Earnings: What’s the Difference? Statement of retained earnings example Retained earnings on balance sheet Financial Glossary Stockholders’ equity In this case, dividends can be paid out to stockholders, or extra cash might be put to use.…
Subsidiary ledger
Content COMPANY Company What is a Subsidiary Account? What is a general ledger? Accounting Principles I Subledgers are an important part of the accounting process Use the subsidiary when you need detailed accounting activity for an object account. The JD…
Fixed Manufacturing Overhead Variance Analysis
The efficiency variance is unfavorable because we used more machine hours than we had budgeted. Of course, this is because we produced 11,000 units when the budget planned for 10,000 units. Variable overhead costs increase or decrease in line with…
Defining Sales Tax, Sellers Use Tax, and Consumer Use Tax
Content Setting Up Taxes on Shopify Shopify Taxes: A Comprehensive Guide to Understanding and Managing Taxation for Shopify Merchants Android Calculators Defining Sales Tax, Sellers Use Tax, and Consumer Use Tax Many eCommerce platforms, such as Shopify, offer built-in tax…
Declining Balance Method of Assets Depreciation Pros & Cons
Content What is a Double Declining Balance? Double declining balance vs. the straight line method What is Double Declining Balance Depreciation? The Formula for Double Declining Balance Method What is the Double Declining Balance Method? Join over 140,000 fellow entrepreneurs…
Gross vs Net Revenue Formula + Calculator
Content What do gross sales and net sales say about your business? Calculating gross sales How to Report Material Losses on an Income Statement Ready to grow your business? See how much you qualify for: Net Revenue Reporting A return…
Payroll Taxes How Much Do Employers Take Out?
Content Example of how to determine payroll taxes Use Payroll Accounting Voluntary Payroll Deductions Tired of manually categorizing expenses? See how Ramp can automate this for you in the demo below Report pay amounts to workers On line 1c, enter…
CRM Xero integration Accounting Software Integration
If you haven’t set up a payment service in your Xero account, we recommend you follow Xero’s tutorial on how to Set up payment service with Xero. Also shown are the company name, address, and contact info along with the…