Difference Between Direct Costs and Indirect Costs Examples

Traceable fixed costs are costs that can be individually attributed to the company’s certain operative unit. If TechGadget Co. decided to stop producing smartwatches, it would save the $360,000 in traceable costs related to this product. On the other hand, indirect costs, such as the factory rent, administrative salaries, and other overheads, would still remain […]

Pearl Accounting Tax Prep & Planning, Business Valuations & More

Our smart system defaults to filling in timecard information with just a few keystrokes — or sync mobile timecards — and FOUNDATION calculates pay rates, taxes, and deductions automatically. This means you can process multi-state, multi-union, and multi-trade timecards, helping to simplify the processes. There are a number of advantages to choosing South Dakota’s #1 […]

What is the Matching Principle in Accounting? Explained

The matching principle is quite important to users of the financial statements, especially to understand the nature of expenses recorded in the entity’s financial statements. Assume the revenue per cash basis is recognized in January 2017, then the cost of goods sold $40,000 should also recognize in 2017 as well. Based on the Matching Principle, […]

Software outsourcing to India: Benefits, cons, top companies

Moreover, they are even experts at using worldwide common collaboration tools such as Slack to ensure seamless communication. Or when you collaborate with a third-party software dev company to provide you experts to work on your project. Half of all Fortune 500 firms prefer to outsource to Indian software companies as per findings by the National Association […]

Debt-to-equity Ratio Formula and Calculation

Another example is Wayflyer, an Irish-based fintech, which was financed with $300 million by J.P. It’s easy to get started when you open an investment account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), mutual funds, alternative funds, and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here). […]

Process Costing in Manufacturing: Definition, Types, and Example

While it has many advantages, manufacturers should know some disadvantages of using a process costing system. Process costing determines the product’s unit cost and helps evaluate profitability, set selling prices, and make informed business decisions. Process costing has the process of being easier to use than other costing methods, and it can assist businesses in […]

Delaware Franchise Tax Calculator

And the maximum franchise tax for all corporations using either method is $200,000. Corporations with 1,500 shares or less and NO par value will always have a maximum tax of $175. It is a requirement that all Delaware corporations file an annual report. Franchise taxes are generally due in arrears for the prior calendar year. […]

Construction Accounting 101: Principles and Best Practices

He prioritizes client satisfaction by serving as a medium to facilitate communication to the proper channels making sure every issue is properly addressed. If you are a customer with a question about a product please visit our Help Centre where we answer customer queries about our products. When you leave a comment on this article, […]

Construction Accounting 101: A Simple Guide for Contractors

Essentially, this ASU improves disclosure requirements, prompting more useful information out of financial statements. The FASB put it in place to ensure companies provide more transparency into how they recognize their revenues. This method is beneficial for ongoing projects that require tracking individual stages of work. It’s helpful when you need to keep an accurate […]

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