Anfisa is a talented accountant.
In this blog she talks about accounting services, payroll, investment consulting, tax training and much more.
AnfisaWDmitrieva@www.business-accounting.net
Phone: 303-647-3438
Marginal cost is the change in the cost of producing additional units, which is crucial to pricing. Learn the equation and application used to determine how much of a product should be produced to keep being economically viable. The marginal cost of production is the change in total cost that comes from making or producing one additional item. Well, the marginal cost looks at the difference between two points of production. So how (more…) […]
You can get a readymade customer profitability analysis sheet from the internet. The template is very easy to use and most often, the results generated by this template are accurate on which a company can rely easily. The profitability analysis is very important for any company since it is the base on which several important decisions are made.
Many companies do customer profitability analysis to determine which customer relationships are better (more…) […]
If you compare this to your industry peers, you may see that your COGS are more than your industry peers. Sage Fixed Assets Track and manage your business assets at every stage. Sage 100 Contractor Accounting, project management, estimating, and service management. Paychex support is here to help with online resources and responsive service professionals available via phone. Barbara Weltman is a tax and business attorney and the author of J.K. Lasser’s (more…) […]
Thus, when accounts payable increases, cost of goods sold on a cash basis decreases . When an accrued liability increases, the related operating expense on a cash basis decreases. (For example, the company incurred more salaries than it paid.) Decreases in current liabilities have just the opposite effect on cash flows. A short term notes payable from (more…) […]
Depreciation is considered an expense in your accounting books. Depreciation is a noncash expense, so it does not affect cash flow or the amount of cash you have on hand. How does depreciation work on equipment? How Depreciation Works. Machinery and other fixed assets wear out and lose value. Depreciation allows businesses to recognize this by writing off their costs over time. You can expense a portion of an asset’s value each year it’s used, or even deduct the entire amou […]
The inventory valuation method that you choose affects cost of goods sold, sales, and profits. When the costs of producing a product or acquiring inventory have been increasing, the LIFO inventory valuation method is used in the COGS . As discussed below, it creates several implications on a company’s financial statements.You’ll spend less time on inventory accounting, and your financial statements will be easier to produce and understand.When businesses that sell products do their […]
Managers can look at the value of the assets that a business currently holds and decide if they can afford to purchase more. Conversely, when the value of assets is severely depreciated, managers can decide if they need to be sold off. A possible concern is that they can be fraudulently manipulated, leading investors to believe that the issuing entity has produced better results than was really the case. Such manipulation can also lead a lender to issue debt to a business that cannot realistica […]
Operational PlanThis Operational Plan Sample is structured with important details for your organization. It comes ready to print, but you can simply edit the fields by putting your own organization information. With all of the required information broken down on the sheet, you’re able to avoid costly mistakes and save money in your business.There’s also a page that shows the company information, logo, company overview, mission/vision, and team members.The profit and loss statement t […]
This issue can even lead to a serious dispute if not handled correctly. Soft costs are considered income for accounting purposes, yet they may be offset by equipment and maintenance expenses. Subscription law firm pricing is when you provide clients with legal services on an as-needed basis for a set monthly subscription fee. This leads … Continue reading “The Starting Salary for Accounting Firm Lawyers”
You need to be sure that that company has access to new-age and emerging technologies to help you gain a competitive edge. The communication channels and collaboration tools they utilize are also important. Talk to them about their communication channels and ensure they make use of the best channels for seamless communication. The first thing you should check is their expertise, and not just the general experience, check their expertise in your industry. You would want them to have worked on ot […]
