Bookkeeping

This transparency allows internal and external parties to grasp the corporation’s fiscal status, performance, and cash flow, which are critical for enlightened decision-making. Moreover, if you have inaccurate information, you might inadvertently mislead your lenders, creditors and investors, which can have serious legal consequences. Finally, if your books are disorganized, you might provide inaccurate information […]

Then, the phone builder may plan to park the next top-shelf machine in that equipment’s floor space and sell the aging equipment to a mass-market manufacturer for $2 million. In this case, the company would depreciate the first machine’s costs by $2 million annually ($12 million minus $2 million equals $10 million, divided by 5).

So, while volume is an important factor to consider when evaluating liquidity, it should not be relied upon exclusively. Liquidity refers to the efficiency or ease with which an asset or security can be converted into ready cash without affecting its market price. Consequently, the availability of cash to make such conversions is the biggest influence on whether a market

There are some other accounting methods that can be compared to the cost principle. The two below are the best for comparison, and highlight where the cost principle can fall short. It is assumed that the majority of business owners know what their assets are. However, to be thorough, it is important to state that

The goal of relevant costing for decision-making is to select the decision that would result in the highest incremental benefit to the company. Sunk costs, on the other hand, are existing expenses that have already been incurred and are unrecoverable. Relevant costs can be thought of as future expenses that are incurred the inventory costing

When you partner with us, you will benefit from a team of accountants who share your goals. Each month, Cofer Bookkeeping Services manages your books and provides bookkeeping services fort lauderdale an overview of your company’s finances for the time period. We want you to be able to focus on taking care of your clients and

A Basic plan comes with no setup fees and starts at $99 per month plus $5 per employee. The highest level is the HCM plan, priced at $199 per month plus $12 per employee per month. We have a well-established payroll service with over 30 years of experience to round out the list. Do I