We treat every account as if it were our own, with the attention and accuracy your business needs to succeed. Every business can benefit from the insight of a CPA…

Separating them out allows managers to focus on controllable costs that should be monitored in order to contain or lower them. Costs may also be used to mathematically determine sales…

These 2 variable expenses are combined into your average variable cost, a single, reasonable sum. While total variable cost reveals how much you spend on each unit of your product's…

Our reimagined program marks the start of a new era of continued investment in the accounting industry, with more than 20 changes since the last refresh. Launching Nov. 20, this…

In the case of credit sales, the respective “debtor’s account” is debited, whereas “sales account” is credited with the equal amount. For locations with sales taxes, you also need to…

Because most accounting textbooks use double declining balance as a depreciation method, we’ll use that for our sample asset. The declining balance method is an accelerated depreciation system of recording…

Even though they are only estimates, due to their high probability, contingent liabilities classified as probable are considered real. This is why they need to be reported via accounting procedures,…

At the end of an accounting period, the Allowance for DoubtfulAccounts reduces the Accounts Receivable to produce Net AccountsReceivable. Note that allowance for doubtful accounts reduces theoverall accounts receivable account,…