Bookkeeping

13 posts

Ending Inventory 101: Formula & Free Calculator

Content Step 4: Add Purchases of Inventory Items How is the cost of goods sold classified in financial statements? Beginning inventory formula How to handle Inflation and keep your Business Afloat? Calculate ending inventory better with ShipBob and Cin7 Inventory management is critical for any business that sells products. NetSuite […]

Publication 946 2022, How To Depreciate Property Internal Revenue Service

Content Units-of-production depreciation method Personal Property Depreciable basis • Section 179 Deduction • Special Depreciation Allowance • MACRS • Listed Property In Brief: Detangling State Tax Conformity Capital Improvements Vs. Repairs And Maintenance Expenses [2023 Update] Larry’s deductible rent for the item of listed property for 2022 is $800. The […]

Controller vs CFO

Content Ramp: A CFO or controller’s best friend Key Differences in Salary Does Your Company Need a Controller or a CFO? Reporting A CFO can help your business grow in several ways, including: Controllers, especially those for larger companies, have a wider focus than simply accounting protocol. Many have a […]