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Payroll automation: What is it & how to automate payroll

Read how the right automated payroll software works by putting employees first — and without…

Standard Costing Explanation

However, it may still indirectly affect your standard cost if it enables you to produce products in…

Generally Accepted Accounting Principles GAAP: Definition, Standards and Rules

GAAP rules absolutely must be followed by publicly traded companies, but most small-business…

Direct Labor Rate Variance

Find the direct labor rate variance of Bright Company for the month of June. Figure 8.4 shows the…

Direct Labor Rate Variance

Find the direct labor rate variance of Bright Company for the month of June. Figure 8.4 shows the…

Student Loan Interest Deduction: Who Can Claim

You get the amount of qualified interest you paid during 2023 from the organizations to whom you…

What Is an Invoice Number? Invoicing Basics Explained

For example, is there a different email address you should send your invoice to? Does the client’s…

Understanding a Balance Sheet With Examples and Video

This is an important document for potential investors and loan providers. When investors ask for a…

Cost of Goods Manufactured COGM

For example, for a soda producer, water is used as a direct material, forming the body of the…

Profit and loss statement vs balance sheet: Which one should I use?

Expenses can include many different line items, for example interest paid on debt, depreciation and…

Dividend Payout Ratio: How to Calculate and Apply It

At face value, the payout ratio tells you how much of earnings are paid as dividends, which also…

Accounting Equation Assets = Liabilities + Equity

In this case, the total assets and owner’s equity increased $5,000 while total liabilities are…

Accounting Equation Assets = Liabilities + Equity

In this case, the total assets and owner’s equity increased $5,000 while total liabilities are…

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