Cost of Goods Sold COGS: Definition and How to Calculate It
COGS and OPEX are key components of a company’s expenses and costs incurred in running a business. COGS includes the cost of goods or services directly related to the production of the goods sold. It does not include the costs of inventory items that were not sold in the previous year. It is time consuming […]
The Pros and Cons: Biweekly vs Semimonthly Payroll
Either way, the full paycheck will be delayed for many new employees on a semi-monthly payroll cycle. Bi-Weekly pay is when employees are paid every other week on a specific day. For example, a bi-weekly pay frequency on a Thursday would mean employees get paid every other Thursday of the month. With bi-weekly payroll, semi […]
Accounting Journal Entries: Definition, How-to, and Examples
Journal can be of two types – a specialty journal and a general journal. If you fall into the second category, let Bench take bookkeeping off your hands for good. At the end of the financial year, you close your income and expense journals—also referred to as “closing the books”—by wiping them clean. Would you […]
Scoliosis Symptoms, Diagnosis and Treatment
Content Introduction to Ageing Fish: What Are Otoliths? TOURISM 4 SDGs Cancer ECG processing Worksheet 1-1. Figuring the Taxable Part of Your IRA Distribution This work provides a common background for the contextualized interpretation of nonlinear testing and shows that nonlinear information in HRV decreases through clinically healthy aging. Inter-individual variability is likely attributable to […]
Difference between Trade and Cash Discount With Examples
This discount serves as a strategy to incentivize the buyer to make a purchase, particularly in large quantities, thereby fostering a symbiotic relationship between the two parties. In the realm of financial management, a trade discount is a critical tool for boosting sales volume and enhancing cash flow. By offering a trade discount, the manufacturer […]
Why petty cash funds are no longer necessary
Content Petty Cash Procedures Campus Controller’s Office What is Petty Cash? How to Manage it? Petty Cash: Accounting & Beyond Require receipts How to Set Up Petty Cash for Your Business Alert: highest cash back card we’ve seen now has 0% intro APR until nearly 2025 To properly maintain the total amount of cash in […]
How to calculate opportunity cost in everyday life
The excitement of consuming today is valued significantly more than the thought of consuming in the future. The various forms of payments involving borrowing money (also referred to as “charging it”) allow people to enjoy goods today and pay them off later, blurring the future effects of our spending decisions. Some of these various forms […]
What Are Sales Receipts?
Content What Information Should a Sales Receipt Comprise? .css-177mjipposition:absolute;opacity:0;top:calc(-72px – 20px); What is an invoice? Formula and Calculation of Revenue Add Your Business Information What is a cash sale receipt? Formula for Total Sales It’s important to pay close attention to your invoices to make sure they are accurate and sent out in a timely […]
Quick Assets – Overview, How To Calculate, Example
The quick liquidity ratio is an important measure of an insurance company’s ability to cover its liabilities with relatively liquid assets. The financial metric does not give any indication about a company’s future cash flow activity. Though a company may be sitting on $1 million today, the company may not be selling a profitable good and […]
Online Bookkeeping Services Virtual Bookkeeping Solutions
Content What Are Online Bookkeeping Services? Save time and money with a bookkeeping service. Tools to streamline bookkeeping services Virtual vs. Online Bookkeeping and Accounting Services The Only Team You’ll Ever Need for Bookkeeping Services Three ways Xendoo helps your business grow. Its basic plan is aimed at new companies that require online bookkeeping services. InDinero […]