Category: Bookkeeping

By my estimate, 80-95% of accountants have yet to use the free and advanced data tools that have been widely available for years. As a result, inventory value increases, profit is higher than if production was equal to what was sold. For example, if a company relies on procuring commodity prices, and the price swings… Continue reading What is Standard Cost? Its an Estimate

The business is exempt from disclosing the possible liability if it considers that the risk of it happening is remote. Contingent liabilities are classified into three types by the US GAAP based on the probability of their occurrence. This can help encourage clarity between the company’s shareholders and investors and reduce any potential con activities.… Continue reading Contingent Liability Definition, Example and FAQs

Now, I’m here with other online business owners buying, testing, and evaluating the best digital tools, services, and software we can find – for every stage of the business. Then to safeguard all the data, Botkeeper tops off its software tools with human reviews. There’s a team of senior accountants who’ll give you the much-needed assurance by… Continue reading Botkeeper reviews Alternatives & Competitors Review