Category Archives: Bookkeeping

The Importance of a Notice of Assignment in Factoring

In summary, the Notice of Assignment ensures that all parties are informed about where contractual rights and obligations lie after an assignment has taken place. It’s understandable why some confusion might arise when discussing invoice factoring. Certain terms such as “invoice loan” or “invoice factoring loan” can muddy the waters and make it seem as […]

12 1: Introduction to Ratio Analysis Business LibreTexts

With this firm, it is hard to analyze the company’s debt management ratios without industry data. We don’t know if XYZ is a manufacturing firm or a different type of firm. A accounting services unlimited quick analysis of the current ratio will tell you that the company’s liquidity has gotten just a little bit better […]

A Beginner’s Guide to Rental Property Bookkeeping

Track your business expenses automatically by connecting FreshBooks to your bank account or credit card. Stessa is ideal for self-managing landlords who might use (or consider using) a bookkeeping software product such as Quickbooks. However, Quickbooks can be complicated to set up for real estate uses from scratch, and is not expressly intended for rental […]

Direct and Indirect Materials Cost Calculation and Example

Each table is unique and built to customer specifications for use in homes (coffee tables and dining room tables) and offices (boardroom and meeting room tables). The sales price of each table varies significantly, from $1,000 to more than $30,000. But these solutions are quite limited in their usefulness for managing direct spend and direct […]

Direct and Indirect Materials Cost Calculation and Example

Each table is unique and built to customer specifications for use in homes (coffee tables and dining room tables) and offices (boardroom and meeting room tables). The sales price of each table varies significantly, from $1,000 to more than $30,000. But these solutions are quite limited in their usefulness for managing direct spend and direct […]

Form 1041: U S. Income Tax Return for Estates and Trusts

If a particular asset has the characteristics of a digital asset, it will be treated as a digital asset for federal income tax purposes. The estate or trust may file a consent agreement under section 965(i)(4)(D) to make the election under section 965(h) to pay in installments the triggered section 965(i) net tax liability. See […]

Arm’s length principle Wikipedia

An arm’s length transaction, also known as the arm’s length principle (ALP), indicates a transaction between two independent parties in which both parties are acting in their own self-interest. Both buyer and seller are independent, possess equal bargaining power, are not under pressure or duress from the opposing party, and are acting in their own […]

Direct Materials Frequently Asked Questions

Just be sure that you have enough storage space to accommodate your purchases!. The amount of direct material used is incorporated into the material yield variance, which is one of the most useful of the classic cost accounting variances. Also, the difference between the actual cost of direct materials and its expected cost is measured […]