by ipalmbbr | Oct 23, 2024 | Bookkeeping
This method is particularly useful during inflationary periods but comes with risks such as the assumption of constant inventory levels and limited flexibility in managing inventory. Investors should be aware of these risks and benefits before making investment...
by ipalmbbr | Jun 6, 2024 | Bookkeeping
Whether your business deals in credit or cash purchases, understanding how to manage purchase returns in your financial records will help you stay compliant and efficient. In this journal entry, we directly credit the inventory account to deduct the balance of the...
by ipalmbbr | May 6, 2024 | Bookkeeping
However, some users have reported long wait times, which is somewhat typical for payroll providers during peak hours. No matter which plan you choose, employees can access their pay stubs and other important information through the workforce portal. QuickBooks...
by ipalmbbr | Nov 14, 2022 | Bookkeeping
Based on current guidance and our own standards and practices, our office currently has no plans to shut down at this time and will remain open and accessible. We are limiting in office meetings until the proper clearances are given by the appropriate agencies. We are...
by ipalmbbr | Jun 17, 2022 | Bookkeeping
A company will need enough current assets to cover current liabilities; otherwise, they may not be able to continue operations in the future. Working capital measures the financial health of an organization in the short-term by finding the difference between current...
by ipalmbbr | Feb 17, 2022 | Bookkeeping
Understanding different types of cash outflows is vital for effective financial management. Some common types include operating expenses, loan repayments, equipment purchases, inventory investments, taxes, dividends or distributions to shareholders, among others. Each...
