Bookkeeping

You can receive customer payments through different channels, including wire transfers, virtual credit cards, ACH payments, or paper checks. We recommend automating this process by integrating reliable invoicing accounts receivable software with your existing accounting software. To calculate the Best Possible DSO, divide the current accounts receivable by the total credit sales, then multiply by […]

Factory employees do not have a separate category of sick leave and instead use their annual leave for sick/casual leave. Employees who have been continuously employed for at least 3 months are entitled to 15 days paid sick leave per year and must provide a medical certificate within 48 hours of the first how to

Without appropriate support from cost centers, it would be very difficult to sustain a business for a long period of time. But on the other hand, profit centers help achieve the desired profit levels, which is the focus of most stakeholders and external parties. A cost center is a department or function within a company

This includes direct costs such as warehouse leasing, employee wages, insurance, utilities, and taxes, along with indirect costs like depreciation and shrinkage. Inventory carrying cost is an important metric that a company can use to determine how much income can be earned based on current inventory levels. It includes both tangible and intangible costs, such

The NACPB offers a certified public bookkeeper (CPB) certification, while the CPB offers a certified bookkeeper (CB) certification. Both the CPB and CB certifications require similar eligibility requirements. You can earn either certification by passing a four-part multiple-choice exam, agreeing to abide by a professional code of conduct, and verifying your bookkeeping accounting education and

If QuickBooks is your preferred accounting software, STE can help set up and manage your QuickBooks, and you can choose our “STE on Demand” option in which we will create a remote login to your computer. With this set up, one of our professionals can log in to your QuickBooks remotely to help you immediately

Your job as a bookkeeper entails systematically keeping track of an organization’s financial transactions. For the information to be reported as a financial statement, it needs to be identified, accepted, classified, and recorded. Learn more about bookkeeping, how it differs from accounting, the required qualifications, and bookkeeping jobs and salaries. In an office setting, bookkeepers

Connie’s Candy paid $1.50 per hour more for labor than expected and used 0.10 hours more than expected to make one box of candy. The same calculation is shown as follows using the outcomes of the direct labor rate and time variances. The total direct labor variance is also found by combining the direct labor