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 […]
Category Archives: Bookkeeping
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 […]
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 […]
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 […]
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 […]
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 […]
It represents goods on a balance sheet that have not yet been converted to work-in-progress or a finished product. Companies often buy, acquire, or extract raw materials for use, then report raw materials as an asset. Then, as the company uses raw materials in the production of finished goods, it converts the raw materials into […]
The revenue from the sale of inventory is matched with the cost of the more recent inventory cost. The total cost of goods sold for the sale of 350 units would be $1,700. LIFO reserve refers to the amount by which your business’s taxable income has been reduced as compared to the FIFO method. In […]
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 […]
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 […]
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