For example the advertising and purchasing departments of a manufacturer are considered costs centers. Every large company has an in-house legal department that handles anything from small suits to large companywide legal issues. They can also save the company thousands or even millions of dollars depending on the size of the lawsuit, but they don’t actually contribute […]
Kategori: Bookkeeping
We’ll now move to a modeling exercise, which you can access by filling out the form below. We’ll assume the useful life of the car is ten years, at which the car is practically worthless by then, i.e. for the sake of simplicity, we’ll assume the scrap value is zero by the end of its […]
However, taxpayers who make large purchases during the year may find it more advantageous to deduct sales tax instead of income tax if the total sales tax payments exceed state income tax. You must itemize your deductions to deduct sales tax from your federal income tax. In most cases, itemizing deductions is not worth the […]
If this variance persists over time, adjust your predetermined overhead rate to align it more closely to actual overhead figures reported in your financial statements. This forecast is called applied manufacturing overhead, a fixed overhead expense applied to a cost object like a product line or manufacturing process. Applied overhead usually differs from actual manufacturing […]
With a tremendous amount of support (financial and emotional) from my entire family, I opened Shadowbrook Salad Company in September 2007. After 13 months in business, I made the very difficult decision to shut the doors on my dream. The bottom line Bookkeeping Services in Lincoln was that we simply started out way too big […]
It was our first global hire, and it was a success. They connected us with highly-qualified candidates, supported us throughout the whole process, and we made a hire in under three weeks. Has entry-level experience in record-keeping and basic financial transactions. Learns fundamental bookkeeping tasks and contributes to accurate financial records. Tap into our pool […]