Category: Bookkeeping

At the end of the useful life, fixed assets still exist and of course, they still contain some value. Some plant assets may contain scrap value of a few hundred up to a few hundred thousand. This means that the computer will be used by Company A for 4 years and then sold afterward. The […]

If the asset is rarely used, its depreciation will be lesser and an asset will have greater depreciation for years when it is heavily used. For example, a machine may be depreciated on the basis of output produced during a period in proportion to its total expected production capacity. Therefore, useful life of an asset […]

Let’s go through all the steps for calculating total manufacturing costs. You sell $600 worth of jewelry, leaving $400 remaining in stock. To keep up with this demand, you manufacture $500 more jewelry, including $100 in labor costs. The gross profit helps determine the portion of revenue that can be used for operating expenses (OpEx) […]

If so, then the company is considered to have a ‘positive’ cash position. Real-time, automated expense tracking is the simplest way to keep on top of recording expenses. QuickBooks can streamline this process with it’s expense tracking tools. It’s easy to overlook certain travel expenses beyond a plane ticket and hotel room. A big part […]

This implies that the larger the number of employees, the greater the transaction fee. If you are planning to expand your workforce, carefully consider how your payroll service cost will change while you are growing. Most payroll providers have a tiered payment structure to cater to businesses of different sizes. Evaluate which tier would be […]

Especially if you own an e-commerce business or a dropshipping store, you have to get a business credit card. You can use the credit card to pay for things like inventory or any other business expenses. Well, the accrual method recognizes money right when you make an expense,  or bill your clients. This means, transactions […]

We make sure that you have nothing to worry about when it comes to tax problems and can easily handle any type of tax situation you may have. We offer professional accounting, bookkeeping, and payroll services for businesses small and large. Kuberneo CPA offers a complete menu of accounting https://www.bookstime.com/ services with multiple CPAs on […]