Bookkeeping
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Direct costs definition
Indirect costs include supplies, utilities, office equipment rental, desktop computers and cell phones. Fixed indirect costs include expenses such as…
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Other Comprehensive Income OCI Template, Components, Importance
To better illustrate the specific components of OCI, let’s look at a statement from MetLife. However, if there is no…
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Why Small HOAs Need Professional Bookkeeping And How It Saves Money
A comprehensive audit involves the checking of records to ensure they comply with basic accounting principles. Also known as a…
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Accrual Accounting: Meaning, Principles, Example, Pros & Cons
In this case, cash amounts are either not fully paid out or received by the firm. But as your business…
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What is Accounting Equation? Components, Applications and Examples
For example, an increase in an asset account can be matched by an equal increase to a related liability or…
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The Role of Normal Account Balances in Accurate Bookkeeping
Whether you’re an entrepreneur or a seasoned business owner, understanding the normal balance of accounts is crucial to keeping your…
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5 Types of Powerful Financial Forecasting Models
Workday Adaptive Planning offers a powerful blend of accessibility and functionality in financial forecasting, making it adaptable to a variety…
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U S. could face default by August if Congress doesn’t address debt ceiling, budget office says
The national debt — which measures what the U.S. owes its creditors — fell to $36,214,426,211,363.76 as of April 3rd,…
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The Federal Insurance Contributions Act FICA
You’ll typically report and pay these taxes each quarter using Form 941 – and paying on time is essential to…
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401 Angel Number: Meaning, Twin flame, And Love
The presence of this number suggests a shift towards internal tranquility. It’s as though a fresh breeze is set to…
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