Category: Bookkeeping

What Is The FIFO Method? FIFO Inventory Guide 0

What Is The FIFO Method? FIFO Inventory Guide

The specific definitions vary somewhat in every country, but both contracts generally specify origin and destination information that is used to determine where liability officially begins and ends. They also outline the responsibilities of...

Video Tutorials 0

Video Tutorials

He is a member of the American Institute of Certified Bookkeepers’ Advisory Board. Once you understand basic bookkeeping, you can manage your business finances with confidence. If you need help, a virtual bookkeeping service—like QuickBooks...

FIFO vs  LIFO Inventory Valuation 0

FIFO vs LIFO Inventory Valuation

The opposite of FIFO is LIFO (Last In, First Out), where the last item purchased or acquired is the first item out. Average cost inventory is another method that assigns the same cost to...

Create or add another company file to QuickBooks Online 0

Create or add another company file to QuickBooks Online

There are several economic decisions that must be taken by every business management on a day-to-day basis using accounting information recorded in financial statements. Thus, accounting plays a crucial role not only in operating...

Break-Even Point Formula, Methods to Calculate, Importance 0

Break-Even Point Formula, Methods to Calculate, Importance

A negative break-even point occurs when a business incurs expenses that exceed its revenue, resulting in financial losses. This circumstance typically arises when the business faces higher costs, such as rent and salaries, which...

Journal Entry for Issuance of Common Stock 0

Journal Entry for Issuance of Common Stock

Issued common stock for cash is the process that company sells its ownership to the investor in exchange for cash to support the operation. As you can see from the journal entry above, the...

Book Value per Share Formula with Calculator 0

Book Value per Share Formula with Calculator

All other things being equal, a higher book value is better, but it is essential to consider several other factors. People who have already invested in a successful company can realistically expect its book...

Data Import Tool 0

Data Import Tool

As an administrator, you can view all existing import templates and create new templates, as necessary. Templates define what data is imported and how it is imported in to ezLaborManager. As a practitioner, you...