The dividends are the amount which has been declared for the year not the amount paid during the year. The below snapshot shows the Consolidated shareholder’s equity statement for Accounting For Architects Apple Inc. for the year ended 2018. Whether … Continued
While the traditional accounting software, for the most part, only requires you to invest one time the cost is often huge, especially with the limitations that come from not being able to access it from anywhere. Cloud based accounting software … Continued
Growfin is an accounts receivable automation software that targets unicorns and growth-stage startups. AR is its central focus, but Growfin is designed to be used in tandem with other accounting and finance tools. It uses AI and machine learning to … Continued
Businesses must be especially careful in making these investments since buildings and land are immovable and can’t be easily substituted. Later on, the company will charge the depreciation according to the method of depreciation it usually follows. 18,000 USD must … Continued
On the other hand, when a company generates surplus income, a portion of the long-term shareholders may expect some regular income in the form of dividends as a reward for putting their money into the company. Traders who look for … Continued
This means that when you make a debit entry to an asset account. While a debit balance occurs when the debits exceed the credits. Debit pertains to the left side of an account, while credit refers to the right. The … Continued
The verb consign means “to send”, and therefore the noun consignment means “sending goods to another person”. In the case of retail consignment or sales consignment (often just referred to as a “consignment”), goods are sent to an agent for … Continued
The difference between the actual direct rate and the expected, standard labor rate is called the direct labor rate variance. The company lists their inventory as having 30 vending machines, 8 claw machines, and 4 massage chairs in this location. … Continued
Most companies establish a standard rate per hour that gives an estimate of what they expect to be the direct labor cost in normal conditions. For example, assume that the direct labor cost per hour for assembling baby car seats … Continued
Bookkeeping is the process of recording all your business’s financial transactions systematically. It involves tracking income, expenses, assets, liabilities, and equity. This data provides a clear picture of your financial health and helps you make informed business decisions. The bookkeeping … Continued