Insurance Expense, Wages Expense, Advertising Expense, Interest Expense are expenses matched with the period of time in the heading of the income statement. Under the accrual basis of accounting, the…
Before moving on to the weighted average number of shares outstanding calculation for a given period, it is essential to understand what a weighted average calculation comprises. An instance of this can…
However, it also requires that someone track asset usage, which means that its use is generally limited to more expensive assets. Also, you need to be able to estimate total…
A recent survey by Market Research Future revealed that the global auto repair software market is expected to grow at a CAGR of 12% from 2023 to 2030. This growth…
First things first, select a business entity for your construction company. The entity you choose will determine the business strategy, liabilities, taxes, filing fees, and state taxes of a company.…
Cut unnecessary spending - Review budgets to identify and eliminate expenses that do not contribute real business value. If you'd like to learn more about calculating rates, check out our…
Twitty’s Books began its 2018 fiscal year with $330,000 in sellable inventory. By the end of 2018, Twitty’s Books had $440,000 in sellable inventory. Due to inflation, the cost to…
When employees have accrued vacation time, you must create a vacation accrual journal entry. Read on to understand the basics of vacation accrual and how to calculate and record accrued…
