Content A Digital Firm is vital but a Human Firm is critical for your practice to succeed Traditional accounting vs cash basis Basic Service- Company Ongoing Expenses Management Level 3 Even if you enjoy organisational work and mathematics, bookkeeping can be boring, especially if your work seems repetitive and you are doing the same tasks ….  Read More

Content Company Reputation Business Technology Overview #9. Baker Tilly Vault Releases 2024 Rankings of Top Accounting Firms To Work For BDO Consumer Technology Overview Typically, most people use some type of CPA review course to help them study for the exam. Online schools don’t have the best reputation, and for most of them, there is ….  Read More

Xero’s global customer experience team provides individual and personalized support, with most of the team having a degree-level accounting background. Xero also offers advisors Xero Certification which provides users with the training to get the most out of Xero and keep up to date with key product changes. There are several course options to gain ….  Read More

Content Key Hard Skills for Bookkeepers Can you make a career out of bookkeeping? Core duties Deal With Foreign Currency Transactions All entries must be correct and complete before they can be sent up the management chain for approval or further processing into reports or other documents used by decision-makers in an organization. Suppose you ….  Read More

RevRec uses the accounting period to categorize what transactional data belongs to which period. After all closing entries are made, the company will be ready to run its financial reports for that accounting period. Closing a period may take days, weeks, or even months into the next accounting period, and two periods can run simultaneously ….  Read More

Content What is the Debt Service Coverage Ratio? What is a good debt service coverage ratio? To Check Loan Eligibility of a Company or Individual What Is Debt Service Coverage Ratio (DSCR)? How to Make an Availability Schedule in Excel (with Easy Steps) The DSCR’s Importance Benefits and Drawbacks of DSCR How to Quickly Calculate ….  Read More

Content Which employees are entitled to overtime pay? Keeping proper records for overtime pay How to Calculate Overtime on Payroll Example #5: Salaried Non-Exempt Employee with Fixed Schedule Payroll tax penalties and how to avoid them How To Calculate An Overtime Rate How To Calculate Overtime: A Step-By-Step Guide Overtime pay is the amount of ….  Read More

Measuring the efficiency of the labor department is as important as any other task. Output (_O) is in units, Times (_T) are in hrs, Rates (_R) are in monetary value per unit time and Costs (_C) are in monetary values. Direct Labor Mix Variance is defined as the difference between the exact amount of labor ….  Read More