Category Archives: Bookkeeping

However, it’s worth noting that the study is now almost seven years old and largely happened before the AI & automation wave hit finance. To give some context, publications often cite The American Productivity and Quality Center’s (APQC) 2017 General Accounting Open Standards Benchmarking survey as a benchmark for month-end close cycles. The balance of […]

They have licensed professionals that handle all types of bookkeeping matters. Furthermore, they directly talk to clients to cater to all of their needs. Their accounting services cover recording and preparing financial statements. Moreover, they have payroll services encoding calculation of payroll and direct deposit of employees’ bank accounts. They commit to provide the highest […]

During your consultation, we will set up a schedule that works for both you and our team. We want to be as accommodating as possible – we know that you’re busy running your business! We are certified and experienced in many of the major accounting software systems that small businesses & larger enterprises use. We’ll […]

It accounts for the fact that, as long as interest rates are positive, a dollar today is worth more than a dollar in the future. Meanwhile, today’s dollar can be invested in a safe asset like government bonds; investments riskier than Treasurys must offer a higher rate of return. However it’s determined, the discount rate […]

This could also signify that your salespeople are granting longer payment terms to customers that are not creditworthy. From your DSO, you will understand how this is affecting your financial health and find a lasting solution to the problem. A low DSO suggests a business collects its debt within its payment time and has prompt-paying […]

This could lead to them charging you more for goods and services or even refusing to do business with you altogether. If you sell to customers on credit, knowing your days sales outstanding is important since the collection rate directly impacts cash flow and overall company profitability. Knowing your DSO can also help you take […]

The actual cost less the actual quantity at standard price equals the direct materials price variance. The difference between the actual quantity at standard https://accounting-services.net/direct-material-total-variance/ price and the standard cost is the direct materials quantity variance. The total of both variances equals the total direct materials variance. If the total actual cost incurred is less […]

Company lose competitive advantage over pricing when setting too high price. Unfavorable variance will decrease profit or even lead to unexpected loss. Material variance has two definitions, one relating to direct materials and the other to the size of a variance. Direct materials, in contrast to indirect materials, refer to the materials that form an […]

By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year. This is my first year to use […]

Ashley is currently attending South Plains College for her AAS in Business. She is new to the accounting industry but enjoys assisting with preparing tax returns and throughout the office. Outside of work, she spends time with her family, coaches and referees youth basketball. Almost everything is digital/virtual; not limited to local community-based clients; because […]