Category: Bookkeeping

You can automatically verify addresses, track packages, purchase shipping insurance, and more. When shoppers don’t choose BOPIS, EasyPost is the best way to make sure packages arrive on time and intact. In addition to high costs and…

Here’s what you need to know for tax year 2025, and how you can stay ready no matter what. Here in America, everyone who earns an income is supposed to pay income tax to the federal government…

This is the same system you use to file taxes or estimated income taxes as a freelancer or small business owner in many cases. The IRS requires you to deposit monthly payroll taxes on the 15th day…

A recent example of a reverse stock split is General Electric’s (GE) 1-for-8 reverse stock split during the summer of 2021. The shares available to investors on the open market are commonly called the float. In general,…

Further, some of the finished aprons don’t pass the final inspection due to occasional defects not detected as the aprons were made. Note that the entire price variance pertaining to all of the direct materials received was…

Out of these 500 units manufactured, the company sells only 300 units during the year 2022 and 200 unsold units remain in ending inventory. The direct materials, direct labor and manufacturing overhead costs incurred to manufacture these…

Working capital is calculated from the assets and liabilities on a corporate balance sheet, focusing on immediate debts and the most liquid assets. Calculating working capital provides insight into a company’s short-term liquidity and efficiency. A company…

Up to 300,000 people, including those with side hustles, will no longer need to file a Self-Assessment tax return, tax minister James Murray is expected to announce in a speech later today. So once this entry is…

Accurate accounting for returned merchandise is essential for financial reporting. When a customer returns a product, the business adjusts both sales and inventory accounts. Per Generally using the price to earnings ratio and peg to assess a…

Same as above, but the payments occur at the beginning of each period, not the end. You don’t need to be a finance nerd or an Excel wizard to use a present value table. Need to know…