by admin | Mar 17, 2022 | Bookkeeping
Indirect costs incurred in manufacturing operations are known as manufacturing overhead, while indirect costs incurred in the general and administrative area are known as administrative overhead. Examples of indirect costs are accounting and legal expenses,... by admin | Sep 23, 2021 | Bookkeeping
Examples of expense accounts include the cost of goods sold (COGS), depreciation expense, utility expense, and wages expense. The Chart of Accounts is one of those unknown parts of your accounting software we don’t even think about. In this ultimate guide, not only do... by admin | Jun 4, 2021 | Bookkeeping
As you can see, manufacturing costs and production costs are closely linked. To more efficiently keep tabs on your production schedule to ensure profitability, download our free production template for Excel. This will be the cost of rent on the factory, heating,... by admin | Nov 16, 2020 | Bookkeeping
Currently, the bank’s savings rates range from just 0.01% to 4.50% APY (Annual Percentage Yield). See below for the APYs offered for each of Citizens Bank’s savings account options. There are a few ways you can lower your costs in order to lessen the... by admin | Nov 5, 2020 | Bookkeeping
Conversely, another thing companies can do to reward shareholders is buy back stock, a move that’s designed to raise share prices. If a company does that without raising the dividend, the yield could go down even as investors are smiling over the gains in their... by admin | Oct 30, 2020 | Bookkeeping
This is because creditors – parties that lend money such as banks – have the first claim to a company’s assets. For example, an increase in an asset account can be matched by an equal increase to a related liability or shareholder’s equity account such that the...