קטגוריה: Bookkeeping

Depletion: Definition, 4 Affecting Factors, and Depletion Methods

Total costs related to the mine before the first ounce of gold is extracted are, therefore, $1,000,000. MacLeod estimates that the mine will provide approximately 100,000 ounces of gold. The illustration below shows the computation of the depletion cost per unit (depletion rate). Normally, companies compute depletion (often referred to as cost depletion) on a […]

The Best Construction Accounting Software

Unlike the other picks on this list, Premier only offers products that meet the needs of contractors, home builders, land developers and construction management teams. While Intuit products are often top-of-mind when it comes to financial software, Sage is one of the few providers with a catalog How to Use Construction Bookkeeping Practices to Achieve […]

Capital Rationing: Meaning, Definition, Types, and Benefits Explained

Policies such as regulatory limitations on the amount of capital a bank may lend at a time can force hard rationing on businesses. The capital available could be restricted by both internal and external conditions. A tumultuous economic climate or industry-wide volatility could limit a firm's access to external financing, making it necessary to ration […]

Payroll Terms and Definitions: A Comprehensive Glossary

Applies to employers who must withhold local taxes from employees’ wages and/or pay their own share of local employment taxes. The law requires that overtime hours over 40 hours per week be paid at one-and-a-half times the regular hourly rate. Some employees are exempt from the FLSA and the Act doesn't apply to independent contractors or volunteers […]

Construction Bookkeeping Services A Step-by-Step Guide

Some firms have made use of construction bookkeeping software to track and simplify billing. To ensure job costing is accurate, businesses must monitor and track their billing process closely. As your construction business grows, your bookkeeping needs may become more complex. Introduction to construction accounting (for busy contractors) Set limits, turn tracked time into automated […]

Contribution Margin: Definition, Overview, and How To Calculate

Whether you sell millions of your products or 10s of your products, these expenses remain the same. You can even calculate the contribution margin ratio, which expresses the contribution margin as a percentage of your revenue. In short, profit margin gives you a general idea of how well a business is doing, while contribution margin […]

New rules aim to standardise carbon accounting Journals RICS

This helps them avoid any financial problems and keep their business afloat even during slow periods. With all financial records in one place, contractors can easily track and review their business finances. This allows them to identify areas that may need improvement and make necessary adjustments to their financial plans. A bookkeeper manages financial transactions, […]