The high-low method only requires the high and low points of the data and can be worked through with a calculator. It’s also possible to draw incorrect conclusions by assuming that just because two sets of data correlate with each other, one must cause changes in the other. Regression analysis is also best performed using a spreadsheet program or stat...
Category: Bookkeeping
-
-
Together, a balance sheet and an income statement, will provide you with an overview of the financial health of your daycare business, and invaluable insights on how to thrive. If you need more certainty about any financial aspect of running your daycare, feel free to seek professional advice on how to manage your finances successfully. Consult with an...
-
Eventually it dawned on them all that for the war to continue, it would mean the end of all life on their homes; instead, it must be peace and growth that solves their problems. As they rebuilt their worlds, they also became more aware of the importance of the living world to their own lives; creatures of all types formed an intricate network that req...
-
Nonprofit accounting services for nonprofit organizations operating budgets typically include expected revenue as well as various expense categories that reflect the organization’s day-to-day activities and operational needs. Here are some common categories found in an annual budget for a nonprofit organization. In reality, the meaning of “non...
-
ADP Chief Security Officer Roland Cloutier said customers can choose to create an account at the ADP portal for each employee, or they can defer that process to a later date (but employers do have to chose one or the other, Cloutier said). ID thieves are interested in W-2 data because it contains much of the information needed to fraudulently reque...
-
Direct-to-consumer brands (like yours) need to know the most efficient way to stock up and meet customer demand – without collecting extra, unnecessary costs. In addition, you can always see what you have in stock and you can calculate your material requirements for upcoming orders. Economic Order Quantity (EOQ) is a method used to determine the optim...
-
During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash. Receivables arise when a company provides a service or sells a product to someone on credit. As the fintech industry continues to expand, memorizing accounting equations will become obsolete. So, now you know how to use the accounting formu...
-
However, having a postgraduate degree, such as a Master of Business Administration or an accounting certification, can get you a lot of attention from clients. It’s important to consider if you are suitable for working as a freelance accountant. A business will typically give you a set number of hours you can expect accountant for freelancers to work...
-
Next, we calculate and analyze variable manufacturing overhead cost variances. Labor variances focus on both rates and hours, also called efficiency or quantity. The labor rate variance is found by computing the difference between actual hours multiplied by the actual rate and the actual hours multiplied by the standard rate. The answer in this section ...
-
This process is known as mapping the acquiree’s information into the parent’s chart of accounts. For example, cash and account receivables are part of the company’s assets. Ledger accounts present comprehensive accounting records of the business. Thus, it can be very difficult to organize if you have a huge number of transactions in a...
