Category: Bookkeeping

  • Direct Cost Overview, Examples, Tax Implications

    If your direct costs are also high, you won’t be turning much of a profit. For example, a company produces mobile phones and has several production machines to produce their devices. The cost of electricity is an indirect cost since it can’t be tied back to the product or the specific machine. Direct costs and variable costs are similar in…

  • Professional Bookkeeping Services Houston Bookkeeper Houston TX

    Our specialty is to expedite your financial control. Every plan comes with a dedicated bookkeeping team to handle your monthly books, and intuitive software to track your financials. Today, Sandra, with the BKBY team, provides bookkeeping, QuickBooks and business management support to individuals and small businesses. YP – The Real Yellow PagesSM – helps you…

  • Rent Payment Period Definition

    Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business. Other examples of period costs include marketing expenses, rent (not directly tied to a production facility), office depreciation, and indirect labor. Also, interest expense on a company’s debt would be classified…

  • Top 99 Metro Areas For Accountants And Accounting Degree Grads

    Your most important expenses, manage through each month to identify opportunities to grow your margins. “These guys are worth every penny, simply for the lowered stress in my life with some of the forensic accounting and ongoing accounting they do to keep my business books up to date.” “I used to spend thousands of dollars…

  • Flexible Budget Variance Analysis

    Flexible Budget Variance is the disparity between the actual and budgeted output, costs and standards. The reason is that budgets are the forecasts for future activities. If the outcome is favorable (a negative outcome occurs in the calculation), this means https://simple-accounting.org/ the company was more efficient than what it had anticipated for variable overhead. If…

  • Contingent Assets Meaning, Explanation and FAQs

    The table below shows the treatment for an entity depending on the likelihood of an item happening. The key principle established by the Standard is that a provision should be recognised only when there is a liability i.e. a present obligation resulting from past events. Contingent assets are possible assets whose existence will be confirmed…