The direct materials often form a major element of total prime cost of a given manufacturing process. Good customer service is essential when selecting a supplier for indirect materials. The supplier should have knowledgeable representatives who can provide information about [...]

Reconciling an account is an accounting process that is used to ensure that the transactions in a company’s financial records are consistent with independent third party reports. Reconciliation confirms that the recorded sum leaving an account corresponds to the amount [...]

For example, a construction company investing in a project with irregular cash flows may find ARR inadequate for capturing the investment’s true financial dynamics. It is important that you have confidence if the financial calculations made so that your decision [...]

Solvency, although related, refers to a company's ability to instead meet its long-term debts and other such obligations. Here, the total current assets are $120 million and the liquid current assets is $60 million. Accounts receivable are generally included, but [...]

Now that you know the benefits of outsourcing software development to India, let’s look into its challenges. In this post, we’ll talk about the pros and cons of SEO, customer service, software outsourcing to India, and more. We’ll also look [...]

By the time, you are finished with the article, you will be able to understand clearly how to calculate these variances. I will try to be concise, so I assume you are already aware of terms like Sales, margin, profits [...]

Under ASC 842, prepaid rent is now included in the ROU asset instead of being accounted for in a separate Balance Sheet account. If the lessee’s organization decides to make a payment before it’s due, there may continue to be [...]

Trust is the foundation of any successful partnership, and without it, a relationship cannot thrive. For those who are already in a relationship, the 419 Angel Number encourages you to keep the spark alive and reignite the passion. To understand [...]

Key information to add here includes sales form design and content, invoice automation setup, and VAT details, as well as the year-end date that company reports will use. Many features can be toggled on or off, allowing you to choose [...]

He already paid his bill and does not want to receive a past-due notice! The purpose of the undeposited funds account is to help you record which client paid against which invoice, especially when money is being deposited in bulk. [...]