Bookkeepers use an accounting journal or an online accounting program to keep track of each transaction and the purpose of the transaction. Bookkeepers also handle payroll and payroll taxes, send invoices, handle accounts payable and keep track of overdue accounts. Without a great bookkeeper, your company could be losing thousands of dollars advantages and disadvantages …
IFRS 16 has also had an impact on debt, as additional liabilities are recognized for leases that were previously off balance sheet. Since the adoption of IFRS 16, this is no longer necessary as these companies can present net debt from the balance sheet (which includes lease liabilities). Most of the companies surveyed did not …
Balance Sheets 101: What Goes on a Balance Sheet? Read More »
You can use risk management, task management and resource management features to control production and keep to your manufacturing schedule. Knowing the costs of production is critical for a manufacturer that wants to stay in business. As noted, you can’t know your profit margins if you don’t know how much it costs to manufacture your …
Total Cost of Manufacturing Raw Cost, Direct Labor, Overhead Read More »
With that in mind, we turn our eyes to the top 3 revenue recognition methods in construction accounting. In the construction industry, understanding the financial position of each job can be key to a company’s success. Job profitability reports provide a clear view of a project’s financial performance,… While it’s possible to manage your construction …
Construction bookkeeping: everything you need to know Read More »
Many companies outsource this task to experienced auditors, who can independently assess your company’s financial processes and even advise on ways to improve. You must also manage the relevant tax obligations for sales mix definition your employees and (in some cases) independent contractors. Again, Remote can help ensure that you are withholding (and contributing) the …
Because of this, horizontal analysis is important to investors and analysts. By conducting a horizontal analysis, you can tell what’s been driving an organization’s financial performance over the years and spot trends and growth patterns, line item by line item. Ultimately, horizontal analysis is used to identify trends over time—comparisons from Q1 to Q2, for …