Bookkeeping
How & Why To Calculate Your Direct Labor Budget
A periodical and systematic approach (for example, quarterly) will help you keep your finger on the labor costs of your...
How to Determine Cost of Goods Manufactured
It helps companies better understand the cost incurred per unit of product and how much they need to produce to...
Horizontal Analysis: Definition, Process, Examples
These benchmarks can serve as a reference point to compare your company’s performance against industry standards. The primary difference between...
Net Income Formula + Calculator
Net income on a balance sheet serves as a crucial indicator of a company’s profitability. By demonstrating how much revenue...
Preferred Stock Formula + Calculator
Preferred stock often provides more stability and cashflow compared to common stock. Therefore, investors looking to hold equities but not...
What is a defined benefit pension? Final salary pension
To report on the plan to the IRS, employers are required to file Form 5500 every year. Additionally, Schedule SB...
How For-Profit Companies And Nonprofit Organizations Can Collaborate For Success
A third advantage is that there is a relatively low level of government oversight of most for-profit entities, so they...
How to Set Up a Chart of Accounts for Your Therapy Practice with Example
We wish starting a therapy practice in Washington was as simple as getting a few clients and slapping an “open”...