Bookkeeping

13 posts

Direct materials definition

They are mostly seen under material yield variance or purchase price variance. This helps organizations to assess the overall quality of the direct material used, and the cost incurred to produce a certain product, in actual. It is essential to create a process for receiving and inspecting incoming materials. Only […]

Hire a Bookkeeper

Nationally, the average hourly rate nationally for a tax prep professional ranges between $150 and $450. Yes, we provide services both online/remotely or in person (if in the local area). For remote/online we use zoom calls to conversate with the client and also where we can share information through screen […]

What is the direct write-off method?

If you’re wondering which method is best for your small business, speak with a professional for insights into your specific situation. Beginning bookkeepers in particular will appreciate the ease of the direct write-off method, since it only requires a single journal entry. If an old debt is paid, the journal […]

Royalty Accounting & Systems

Content Food for Thought (on Food and Beverage Licensing) Royalty Accounting Sample Clauses d Annual Licensing Summit in New York Accounting Entries See How MetaComet Can Help Your Royalty Management MCPS also collects and disburses mechanical royalties to writers and publishers in a manner similar to PRS. Although allied, they […]

Bookkeeping Double-Entry, Debits and Credits

Content How confident are you in your long term financial plan? Is double-entry accounting necessary? Original records (journal and subdivision of journal): How Double-Entry Accounting Works: Conversely, as liabilities are paid back, the balance on the account is reduced. Before computer software made double-entry bookkeeping easier for small companies, there […]