Category: Bookkeeping

For semi-monthly pay, employees receive their salaries in two equal installments a month. The dates are typically on the 1st and the 15th or the 15th and the last of the month. If a pay date falls on a holiday or weekend, employers usually process payroll on the preceding https://www.bookstime.com/ business day to ensure timely… Continue reading What Is Semi Monthly Pay? Plus Calculation HR Glossary

This will help dispose or replace the assets which have deteriorated and lost productivity. This will in turn lead you to prepare an appropriate budget for your business operations. Depreciation calculations determine the portion of an asset’s cost that can be deducted in a given year. Units of Production Depreciation: How to Calculate & Formula… Continue reading Units of Production Depreciation: How To Calculate & Formula

Eighty-seven dollars in sales tax would need to be added to the original price of the laptop. But keep in mind you have to itemize your deductions to take the SALT deduction, and itemizing doesn’t make sense for everyone. A trusted tax pro, such as a CPA, or quality tax software can help you get… Continue reading 5 Ways to Calculate Sales Tax

No, all of our programs are 100 percent online, and available to participants regardless of their location. We expect to offer our courses in additional languages in the future but, at this time, HBS Online can only be provided in English. Harvard Business School Online’s Business Insights Blog provides the career insights you need to… Continue reading Revenue Variance Analysis Overview, Types, Example

The prime costs for creating the table include the cost of the furniture maker’s labor and the raw materials required to construct the table, including the lumber, hardware, and paint. The cost of a product is determined by the amount of labor and overhead needed to convert raw materials into finished goods. Conversion costs are also… Continue reading Conversion Costs: Definition, Formula, and Example

“Have one person on their back and then the other two people grinding on each leg,” says Stewart. These five tips will set yourself up for pleasure, regardless of position. For tips on how to make the threesome happen, check out our guide — How to Have a Threesome, Whether You’re Single or in a… Continue reading Threesome Tips: 7 Things You Should Know Before Having One

The IRS sets a scaled passing score at 105 out of the available 130 points. The IRS has set the passing score for the enrolled agent exam at 105. This score is a scaled score based on the number of correctly answered enrolled agent test questions. Because your own knowledge levels affect how hard the… Continue reading Enrolled Agent Exam National Association of Enrolled Agents

The sales discounts contra revenue account records the discounts given to customers on sales made to them, normally a cash or settlement discount. The account is normally a debit balance and in use is offset against the revenue account which is normally a credit balance. Consequently the net balance of the two accounts shows the… Continue reading How to Set up Contra Accounts

Once your new store has been set up and goes live on the internet, you will need to ensure that your stock levels are sufficient and that expenses are tracked, among other concerns. Quickbooks offers integratabtle solutions to help with all of these things. Opening an e-commerce store is an exciting venture for any entrepreneur.… Continue reading Ecommerce Bookkeeping Services for Amazon & Shopify Sellers

Initially, it might seem that the borrower is making little progress in reducing the principal, but over time, as the interest portion decreases, the rate at which the principal is paid down accelerates. There are several steps to follow when calculating amortization for intangible assets. Accrual Accounting records revenues and expenses when they are earned… Continue reading Amortization Financial Accounting