Content Arkansas’s Rate Reduction Acceleration Reduce State Income Tax Rate Reminder: GRT, Compensating Tax subject to destination sourcing Delinquent property tax auctions scheduled this month INCREASE IN MOTOR FUEL INCOME TAX CREDIT – The refundable Income Tax credit increased from 7 cents per gallon to 9 cents per gallon in 2021. The credit is limited …
Content AP & FINANCE How to speed up the month-end close process What Is the Month-End Close Process? What is the month-end close process? What to Include in a Month End Close Process Flowchart? Month-End Close Process: Everything You Need To Know Reconcile your petty cash fund Make sure your receipts and records match the …
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Content What Are Some Examples of Just-In-Time Inventory Processes? Vulnerability to supply chain breakdowns How Does Just-in-Time Inventory Work? Continuous Improvement Workflow Efficiency JIT Inventory Example Since lead times are predictable, MRP works well, but so do pull methods—and they are cheaper. MRP may be required for master scheduling when work orders are generated; inventory …
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Content Keep a close eye on trust accounting Law firm bookkeeping and accounting prevent you from ruining your business’s reputation You Can’t Do It Alone; Get Professional Bookkeeping Assistance Start by Hiring a Bookkeeper A Guide to Legal Trust Accounting in QuickBooks and Clio for Lawyers With our dedicated and experienced bookkeepers, you potentially transform …
Firm Finances: Bookkeeping, Accounting, and KPIs 2023 Read More »
Content Key Differences Pricing and Sales Support From an Automated Back Office Markup formula When to use markup vs. margin Handy resources Difference Between Margin vs Markup Start making data-driven decisions to optimize your store’s profitability with BeProfit. For quick reference, here is a chart showing your margin using various markup percentages. For example, if …
Content Suspense Account Examples What’s a Mortgage Suspense Account? Words nearby suspense account Definition of Suspense Account Steps to Creating an Accounting Worksheet Each week he purchases some of the materials needed to manufacture the bakery’s products and he pays for them with the company’s debit card. Last week he purchased a new refrigerator for …
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Content How does Activity Based Costing Work? Additional Resources: Traditional Costing Advantages and Disadvantages What benefits does ABC provide? A Guide to Traditional Costing Systems If the estimate of practical capacity is grossly in error, the process of running the time-driven ABC system will reveal the error over time. CIMA Official Terminology describes activity-based costing …
Contents: Chiropractors & Massage Therapists Tax Resources for Your Massage Therapy Business This book will make tax-time a breeze! Massage Therapy: Massage Therapy Bookkeeping tools – Client log book – Tracker – Massage Therapist gifts (Paperback) The income you report and pay taxes on in your Schedule C return is the net profit or loss …
Content Free Freightos Tools INTERNATIONAL FREIGHT MADE SIMPLE. What Does FOB Shipping Point Mean? What is Freight On Board (FOB)? The same timing would also apply to the shipper, as they can claim that the goods have been sold after delivering them to the port of departure. Should any loss or damage occur during transit, the …
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Content Amazon Accounting Software Tools Every Seller Should Know About reasons why Amazon sellers should work with a professional bookkeeper Inventory mapping Map Amazon SKUs to QuickBooks Online inventory products to enable inventory tracking What a QuickBooks Amazon integration does for Amazon sellers What were some of the hangups you had when first trying to …
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