Our 3-step restaurant accounting system furnishes clear and correct daily financial reports, seamless payroll imports through QuickBooks and Tax-ready books. Get in touch with Restaurant Accounting...
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a...
A breakeven point tells you what price level, yield, profit, or other metric must be achieved to not lose any money—or to make back an initial...
Accumulated depreciation is subtracted from the historical cost of the asset on the balance sheet to show the asset at book value. Book value is the...
To calculate year-end budget totals, contrast income (e.g., sales, contributions, fundraising, etc.) with expenses (e.g., office equipment, transportation, utilities, etc.). At this point, the budget committee...
This can be common in the manufacturing industry where a customer might pay for a product before parts or materials are delivered. Finally, the net factor...
For example, retailers typically experience significantly higher revenues and earnings during the year-end holiday season. Thus, it would be most informative and useful to compare a...
Unlike financial accounting for publicly traded firms, there is no legal requirement for cost accounting. Operating costs are the costs to run the day-to-day operations of the company. However,...
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