5 Best Certificate Programs for New Bookkeepers

With that said, we’ve compiled the top five best bookkeeping certifications below. Getting at least one of these could give your bookkeeping career a serious boost. However, they can be expensive and they aren’t backed by a professional organization. That means that some employers may find them to be valuable while others do not. The […]

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Contribution Margin Ratio: Definition, Formula, and Example

If you need to estimate how much of your business’s revenues will be available to cover the fixed expenses after dealing with the variable costs, this calculator is the perfect tool for you. You can use it to learn how to calculate contribution margin, provided you know the selling price per unit, the variable cost […]

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Job Order Costing vs Process Costing Accounting for Managers

In this case, both the elements of costing are used; this is also termed a hybrid system. Both these processes can be used in manual and computerized accounting systems. As job and process costing is used in different industries, there cannot be any comparison between them. Although the methods are different, the main difference can […]

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Cash Receipt Journal Definition, Explanation, Format, and More

Keep in mind that your entries will vary if you offer store credit or if customers use a combination of payment methods (e.g., part cash and credit). And, enter the cash transaction in your sales journal or accounts receivable ledger. The credit sales which the busy ones make are not recorded in the cash journal […]

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What Is a Bearer Bond? Benefits, Risks, and Redemption Guide

Liquidity risk is higher for bearer bonds than registered bonds, as they are less frequently traded and may be more difficult to sell at a favorable price. Governments and international organizations have taken steps to combat the illicit use of bearer bonds by implementing stricter regulations, anti-money laundering measures, and tax reporting requirements. High-yield bonds, […]

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Get an Individual Taxpayer Identification Number ITIN to file your tax return

Furthermore, local communities may also have resources such as workshops or assistance programs provided by community organizations, tax preparers, or legal aid organizations. These can offer tailored, in-person assistance, making the process less intimidating. Also, remember that the use of ITINs does come with certain restrictions. For instance, ITIN holders do not qualify for certain […]

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Petty Cash Book: Types, Format, Operations, Pros, Cons

Our work has been directly cited by organizations including Entrepreneur, Business Insider, Investopedia, Forbes, CNBC, and many others. Our team of reviewers are established professionals with decades of experience in areas of personal finance and hold many advanced degrees and certifications. 11 Financial is a registered investment adviser located in Lufkin, Texas. 11 Financial may […]

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QuickBooks Online Subscription Levels 2024

Security updates and product updates will still be released for all users who purchase a QuickBooks Desktop Plus or QuickBooks Desktop Payroll subscription before the cutoff date. This option is best for large businesses that could benefit from the extra support features, like a dedicated manager or virtual training classes. However, the QuickBooks Desktop Pro […]

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How to calculate Net Realizable Value NRV

Offering credit sales to customers is a common practice among many enterprises. Now that you’ve got a clearer understanding of the practical applications for net realizable value, let’s take a closer look at what these figures can tell you about your business. After all, you can then use this information to action necessary changes that […]

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Uses of Data Analytics in Accounting and Finance

It provides a varied range of features, including Calculations, Pivot Tables, Graphing Tools, etc. It is one of the most robust Data Analysis tools in the market that supports multiple plug-ins to enhance the efficiency and user experience. This article will give you a comprehensive guide to Data Analytics how to calculate accrued vacation pay […]

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