by superadmin | Nov 9, 2022 | Bookkeeping
These organizations now depend on remote 3rd-parties for activities that used to be performed in-house. The shift from in-house to outsourced has created all-new service industries. It is now possible to get great financial insight from professionals with experience...
by superadmin | Aug 31, 2022 | Bookkeeping
This cheque would then be cashed to acquire the actual cash needed for payments. When your petty cash fund starts to run dry, it’s time to record the expenses and reimburse the fund. To reconcile, you’ll need to match your receipts with the amounts recorded on the...
by superadmin | Jun 27, 2022 | Bookkeeping
We’ll assume for this example that all raw materials are direct materials, just to simplify the calculations. COGM is thereby the dollar amount of the total costs incurred in the process of manufacturing products. The COGM formula starts with the beginning-of-period...
by superadmin | Sep 28, 2021 | Bookkeeping
The residual value is determined by the bank that issues the lease, and it is based on past models and future predictions. Along with interest rate and tax, the residual value is an important factor in determining the car’s monthly lease payments. For example,...
by superadmin | Jul 5, 2021 | Bookkeeping
Items should be rented as much as possible, instead of being purchased; this includes, of course, facilities, but also basic office equipment. It is also crucial that companies enter into agreements that offer flexibility to scale up or down as required. Avoid for...
by superadmin | Jun 7, 2021 | Bookkeeping
In conclusion, just like the output for the goal seek approach in Excel, the implied units needed to be sold for the company to break even come out to 5k. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. More to...
