Category Archives: Bookkeeping

Your guide to accounting for manufacturing businesses

This partnership helps you focus on what you do best – running your manufacturing business. Sage is particularly good at automating financial administration, and with multiple pricing tiers and structures, you’re sure to find a level that works for your specific business needs. The software handles everything from procurement to sales, as well as inventory, […]

Accelerating growth in construction technology

Management attributes this to being smarter about expenditures (and as noted before the difference between an investment and an expense). Business Succession Plans NeededOverall, many of the firms who responded to the survey reported that they did not have a business succession plan in place. The importance of succession plans—especially in the construction industry which […]

How the Wage Base Limit Affects Your Social Security The Motley Fool

At the time of this last adjustment, policymakers set the wage base limit so FICA tax would be charged on 90% of all wages. Future increases in the wage base limit were set to increase annually based on average growth in wages. Medicare taxes pay for the insurance available to most senior citizens in the […]

Where in the chart of accounts is a suspense account located?

Suspense accounts are used when your trial balance is out of balance or when you have an unidentified transaction. The suspense account is a general ledger account that acts as a holding account until the error is discovered or the unknown transaction is identified. When working with the trial balance, you can open one suspense […]

What are Sundry Expenses?

Understanding and claiming sundry expenses is essential to robust financial management, not just about keeping track of minor costs. These practices not only help in maintaining financial accuracy but also assist in revealing potential areas for cost-saving. Effective managing sundry expenses contributes to better financial health and transparency, whether for a business or personal budget. […]

How to Manage Ecommerce Inventory Everything You Need to Know

These dedicated tools are fantastic for larger and more complex online stores, or simply for those looking to increase efficiency, and cut costly mistakes. Some ecommerce platforms – such as Shopify – have their own built-in inventory management systems, although these are often more basic in their functionality than their dedicated counterparts. Include targeted keywords […]

10 6: The Coefficient of Determination Statistics LibreTexts

For example, a coefficient of determination of 60% shows that 60% of the data fit the regression model. For example, suppose a population size of 40,000 produces a prediction interval of 30 to 35 flower shops in a particular city. This may or may not be considered an acceptable range of values, depending on what […]

Understanding Common Stock: Share Basics, Balance Sheet Impact, and Investor Insights

Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ public filings, press […]

The Difference Between Stock Splits & Stock Dividends

Generally, a company gives two kinds of dividends to its shareholders – cash dividends and stock dividends. A cash dividend is one in which the company distributes a definite amount of money to each shareholder for each share owned. On the other hand, a stock dividend is obtained from distributable equity in the form of […]

Straight Line Depreciation Method Explanation & Examples

If we estimate the salvage value at $3,000, this is a total depreciable cost of $10,000. Suppose an asset for a business cost $11,000, will have a life of 5 years and a salvage value of $1,000. The company takes 50,000 as the depreciation expense every year for the next 5 years. The straight-line method […]