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However, some lenders might make an exception if you have excellent credit. In fact, it’s possible to qualify for a loan with up to a 50% DTI as long as you’re an otherwise highly qualified borrower. Including preferred stock as debt can inflate the D/E ratio, making a company appear Read more…

This would cost less than hiring a full-time bookkeeper, but you should also expect fewer services. This article will discuss the average cost for bookkeeping services, whether you go with in-house employees or outsource the job to an accounting firm. The average small business spends between $1,150 to $1,400 per Read more…

Working capital during this period is bound to change due to an increase or decrease in the current assets and current liabilities. The essence of the concept retained earnings balance sheet is that if a company has a positive working capital, it means they have funds in surplus. The inverse Read more…

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 Read more…

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 Read more…

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 Read more…

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. Read more…