Category: Bookkeeping

  • Accounting Equation Examples

    Bookkeeping

    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...

  • Your 6-Step Roadmap to Becoming a Successful Freelance Accountant

    Bookkeeping

    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...

  • Direct Labor Mix Variance Meaning, Formula & How to Reduce

    Bookkeeping

    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 ...

  • General Ledger: Meaning, Classification, Examples

    Bookkeeping

    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...

  • Outsourced Bookkeeping & Accounting Services

    Bookkeeping

    Freelance bookkeepers can be expensive, and yet the quality can drastically vary from one individual to another. “Very responsive when I have questions. Helpful when it comes to me learning my franchisor’s chart of accounts, https://accountingcoaching.online/ typical accounting measures, etc.” We believe in personal and professional l...

  • Airbnb and Tax: A guide for hosts

    Bookkeeping

    We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs. Our team of experts is well-versed in the tax regulations pertaining to Airbnb hosting and will tailor their approach to your unique hos...