Bookkeeping

The trade credit insurer defines a credit limit for each customer corresponding to the maximum recommended trading amount. You are covered for this amount and receive compensation quickly in the event of a bad debt. It can also be helpful for businesses that can’t wait weeks or months to get approved and funded for an […]

While contribution margin is expressed in a dollar amount, the contribution margin ratio is the value of a company’s sales minus its variable costs, expressed as a percentage of sales. However, the contribution margin ratio won’t paint a complete picture of overall product or company profitability. If you need to estimate how much of your

Different companies may set their own threshold amounts to determine when to depreciate a fixed asset or property, plant, and equipment (PP&E) and when to simply expense it in its first year of service. For example, a small company might set a $500 threshold, over which it will depreciate an asset. On the other hand,

A W-9 is also required from people in specific circumstances. A bank or lending institution may ask for a W-9 as part of the process of setting up a new account, as interest and dividend payments are furnished through Form 1099-INT. Participants in a contest that may win prizes may also be required to fill

JK Bookkeeping Solutions, L.L.C. is a local bookkeeping firm that provides cost-effective financial consulting services for small to medium-sized companies in the Austin area. JK Bookkeeping Solutions, L.L.C. is a certified QuickBooks ProAdvisor. At the same time, our professionally trained staff’s advisory services could be a complementary tool to enhance your economic vision. The personalized

So, the following is the journal entry for cash paid to the supplier. Thus, this means that Robert Johnson Pvt Ltd paid 10.43 times to its suppliers during the year. Further, you can also calculate the Accounts Payable Turnover Ratio in days. This ratio showcases https://www.business-accounting.net/ the average number of days after which you make