In order to find your business’s break-even point, you’ll need to know both your total fixed and variable costs. Since fixed costs need to be paid regardless of output production,…

For accounting purposes, process costing differs from job costing, which is a method used when each customer's job is different. Both phrases are used to mean the cost of unfinished…

For many Dallas business owners, the innovative Bench approach to bookkeeping and taxes has revolutionized what it means to keep tabs on finances - helping small businesses get tax time…

Assume that a company purchases a delivery truck to be used in its business. Initially the truck's cost will be recorded in the asset account Delivery Truck. However, the truck's…

Any purchases you make or money you spend on the operation of your business (toward things like supplies, utilities, or advertising) goes under expenses. For example, a loan would go…

Despite fewer employees, it’s still hard on tight HR teams — some made up of just one person — to accurately run a small business’s payroll. For midsized organizations, it…

OneStop Professional established its presence in the corporate community as a firm of Chartered Accountants and Certified Public Accountants. They collaborate closely with their clients, partners within their business network…

Depending on which accounting period an analyst starts from and how many accounting periods are chosen, the current period can be made to appear unusually good or bad. For example,…

By creating direct-to-consumer access points, large B2B companies can test products and omnichannel marketing initiatives with the same agility of newly funded startups. To accommodate this, Shopify Plus’s wholesale channel…

If it doesn’t, you’ll have to go back in time or check the audit trail to find the transaction or transactions that changed. According to Investopedia, the definition of account…