Moreover, we have discussed the role of technology in reducing efficiency variance, common causes of efficiency variance, and best practices for addressing it in a manufacturing plant. Additionally, we have explored when a company should consider investing in new equipment, outsourcing certain processes, and how to ensure accountants that employees Leer más…

As a result, in the first quarter, because of the prepayment, our labor margins were much higher than a typical year. As expected, our cost of goods sold will start to decrease as the outsourced firm completes about 100 additional returns in the off season. While we have not calculated Leer más…

Note, each QuickBooks Live offering requires an active QuickBooks Online subscription and additional terms, conditions, limitations and fees apply. For more information about services provided by Live Bookkeeping, refer to the QuickBooks Terms of Service. If your business is service-based without any inventory, then Essentials should provide everything you need Leer más…

They arealso transparent with their internal trial balances in several keygovernment offices. Check out this articletalking about the seminars on the accounting cycle and thispublic pre-closing trial balance presented by the PhilippinesDepartment of Health. Opening entries, also known as initial entries, are made at the beginning of an accounting period. Leer más…