Alaska does not charge a state sales tax but does allow local communities to leverage a local sales tax. Let’s be honest – sometimes the best […]

This includes regulations guiding how the fund’s money is invested, calculating the fund’s Net Asset Value (NAV) accurately, and properly reporting information to both investors and […]

In both versions, though, clicking on the profit or loss entry opens a beautiful multi-period chart. There’s a total for billable hours tracked during the current […]

Break down your services into detailed line items on the invoice. Specify the quantity, unit price, and total for each item. This transparency helps your clients […]

This first sale is, most likely, a “sale for resale” from your vendor’s perspective. Your vendor is billing you for the purchase price of the items […]

Content How to account for deferred revenue Company Advanced Deferred Revenue Recognition How to calculate unearned revenue (with examples) Why is deferred revenue considered a liability? […]

The accounting equation will always balance because the dual aspect of accounting for income and expenses will result in equal increases or decreases to assets or […]

A low asset turnover ratio indicates that the company is using its assets inefficiently to generate sales. In this case, your turnover ratio is equal to […]

Recall, fixed costs are independent of the sales volume for the given period, how to use xero accounting software and include costs such as the monthly […]