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For example, in a $30 million serial bond issue, $10 million worth of the bonds may mature each year for three years. Two common examples of estimated liabilities are warranties and income taxes. These provide additional information pertaining to a company’s operations and financial position and are considered to be an integral part of the financial statements. Any bond interest … Read More

This blog post demystifies the Statement of Functional Expenses, breaking it down into simple, easy-to-understand terms. Whether you’re a seasoned finance professional, a new nonprofit executive director, or just someone interested in understanding more about how nonprofits manage their finances, this guide is for you. Let’s dive in and unravel the complexities of the Statement of Functional Expenses.. And the … Read More

Maintenance costs will thus increase with every 10,000 unit increase in production levels. For example, a cost can be say $100 up to 500units, increase to $185 for 501 to 1,000 units and to $260 if output crosses 1,000 units. The cost with such a pattern of increase would be classified as step variable cost. Mixed Costs and Stepped Costs … Read More

Instead of viewing financials and asset management as separate entities, businesses can use important asset data to track the ROI of their inventory to identify areas for savings. With the sophisticated asset management capabilities of Access Coins, users can understand the value of their purchases and make better informed decisions. Easily integrate your FreshBooks accounting system with other apps and … Read More

As you can see from this QuickBooks Premier review, the software is a solid pick, which is why it made our list of the top accounting software for small businesses. To accurately compare top accounting software, the Tech.co research team picked out the eight core categories to divide their efforts along, from help and support to accounts payable tools. QuickBooks’ … Read More

The five components of break-even analysis are fixed costs, variable costs, revenue, contribution margin, and break-even point (BEP). The break-even point in units is equal to total fixed costs divided by the weighted average contribution margin per unit (WACMU). Variable costs also change as material, labor and other indirect variable expenses could increase or decrease as quantity changes. Your costs … Read More

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Income tends to be the category that business owners underutilise the most. No, but it’s considered necessary by all kinds of companies seeking to categorize … Read More

Accurate financial records are kept by proper accounting, which facilitates the completion of tax returns, claims for deductions, and meeting tax responsibilities. This includes financial statement reconciliation, report generation, and adherence to industry-specific rules. Accurate construction accounting is essential to managing resources and stabilizing the construction firm. Our mission is to provide residential and commercial builders and remodelers the precision … Read More