Category: Bookkeeping

What is a flexible budget?

The cash budget states cash inflows and outflows, expected borrowing, and expected investments, usually on a monthly basis. The ending finished goods inventory budget is necessary to complete the cost of goods sold budget...

USCIS I-9 2019-2023 Fill and Sign Printable Template Online

International employees on F-1 (student), H-1B (specialty occupation), or J-1 (exchange visitor) visas must have their I-9 reverified each time their visa has expired with a new work authorization permit (renewed visa with work...

How to Write a Check in 6 Steps

A memo should be brief, straightforward, and easy to read. It informs recipients and provides an action plan with specific next steps. You also can find your bank account number on your banking statement....

Gross profit percentage definition

By nature, industries in the financial services sector, such as accounting, have higher profit margins than industries in the foodservice sector, such as restaurants. Profit margins are very dependent on the industry in which...

A Beginner’s Guide to Inventory Accounting

It’s important for retail stores to perform a physical inventory valuation periodically to ensure the accuracy of inventory estimates as a way to support the retail method of valuing inventory. As you can see,...

Are Retained Earnings Current Liabilities Or Assets?

Net income is the first component of a retained earnings calculation on a periodic reporting basis. Net income is often called the bottom line since it sits at the bottom of the income statement and...