Category Bookkeeping

If the company spends more for the direct materials, direct labor, and/or manufacturing overhead than should have been spent, the company will not meet its projected net income. In other words, analysis of variances will direct management’s attention to the…

The pro forma statements serve as a tool to demonstrate the feasibility and profitability of proposed projects or business ventures. This projection looks backward (at one or more years) at another company’s financial statements. Using this combination, the projections shows…

In fact, the only way you’ll ever pay a dime to Personal Capital is if you seek out a financial planning contract with them. Otherwise, your use of its financial accounting software costs nothing more than your time. Personal Capital…

The inventory goes out of stock in the same pattern in the FIFO method as it comes in. Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting.…

This is because double-entry accounting can generate a variety of crucial financial reports like a balance sheet and income statement. Single-entry accounting records each transaction once, while double-entry accounting records it twice—once as a debit and once as a credit.…