Payroll automation: What is it & how to automate payroll
Read how the right automated payroll software works by putting employees first — and without completely cutting HR…
Standard Costing Explanation
However, it may still indirectly affect your standard cost if it enables you to produce products in a shorter time or…
Generally Accepted Accounting Principles GAAP: Definition, Standards and Rules
GAAP rules absolutely must be followed by publicly traded companies, but most small-business accountants adhere to them…
Direct Labor Rate Variance
Find the direct labor rate variance of Bright Company for the month of June. Figure 8.4 shows the connection between…
Direct Labor Rate Variance
Find the direct labor rate variance of Bright Company for the month of June. Figure 8.4 shows the connection between…
Student Loan Interest Deduction: Who Can Claim
You get the amount of qualified interest you paid during 2023 from the organizations to whom you owe the interest on…
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 finance or…
Understanding a Balance Sheet With Examples and Video
This is an important document for potential investors and loan providers. When investors ask for a balance sheet, they…
Cost of Goods Manufactured COGM
For example, for a soda producer, water is used as a direct material, forming the body of the drink. However, water…
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 amortization, rent…