Payroll accounting Definition and tasks

Now that we’ve outlined the different types of records to keep, we can explore how you actually go about doing it. A sole proprietor is the owner of a business organized as a sole proprietorship and is not considered to be either an employee or an independent...

Payroll accounting Definition and tasks

Now that we’ve outlined the different types of records to keep, we can explore how you actually go about doing it. A sole proprietor is the owner of a business organized as a sole proprietorship and is not considered to be either an employee or an independent...

What Are the Different Ways to Calculate Depreciation?

Based on these assumptions, the depreciable amount is $4,000 ($5,000 cost – $1,000 salvage value). So, the depreciation expense for the first year of use of the sewing machine is $1,620. Without doing so could lead to a disastrous impact on the accounts of the...

What Are the Different Ways to Calculate Depreciation?

Based on these assumptions, the depreciable amount is $4,000 ($5,000 cost – $1,000 salvage value). So, the depreciation expense for the first year of use of the sewing machine is $1,620. Without doing so could lead to a disastrous impact on the accounts of the...

Reorder Quantity: Formula to Calculate & Importance

ContentSimplify inventory managementProduct Handling ConsiderationsOptimal ordering policy for a deteriorating item with imperfect quality and partial backorderingCreate a Free Account and Ask Any Financial QuestionLooking for a fulfillment solution?Logistics...

IRS Audits Internal Revenue Service

Generally, the first sign that you have been selected for a tax audit will be a notice from the IRS. This can be scary, especially if you don’t know what to expect, but with the right help, you can get through the process. You need to take advantage of this time to...