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Bookkeeping

Rebates on Cars: How They Work

For motorcycles and electric bicycles, the program offers 25% off the purchase price up to $250 for new purchases. Peninsula Clean Energy and Peninsula Family Service offer the DriveForward Electric Incentive in partnership. This provides a $4,000 rebate to San Mateo County residents who purchase a used PHEV and meet the income requirements. If you own […]
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Do I Need A CPA For My Small Business?

If an individual decides to file their information to FinCEN directly, they may be issued a “FinCEN identifier” which can be provided on a BOI report instead of the required information. According to a recent Small Business Administration report, 27,104,006 small businesses were termed “nonemployer firms” and had no employees. So, while you won’t always […]
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Pre-determined overhead rate Wikipedia

That is, a certain amount of manufacturing overhead is applied to job orders or products which is used to estimate future manufacturing costs. The overhead rate has limitations when applying it to companies that have few overhead costs or when their costs are mostly tied to production. Also, it’s important to compare the overhead rate […]
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Currency Converter Conversion Calculator

Gains and losses resulting from currency conversions are recorded in financial statements. Card companies base their exchange rates on wholesale prices offered to bigger institutions, so you’re bound to get a fair rate. There are different rules for translating items in financial statements including assets and liabilities, income statement items, cash flow statement items, etc. […]
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Accounting for Franchises

If you’re like most bookkeepers about to set off on your own, you’ve probably looked at buying into a bookkeeping franchise. Let’s say that Maid Magic franchises its cleaning services to Oscar for an initial cost of $50,000. Within that cost includes the initial payment to use the brand and for additional training and software […]
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What Is Amortization? Definition and Examples for Business

You may say that you don’t want to be locked into that higher payment and that you’ll simply add extra each month to reduce some of that interest? Life happens, and the extra money slides through your fingers for things you no longer remember. Forcing yourself to fit the higher payment into your budget from […]
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research and development costs definition and meaning

Instead, a company needs to develop processes and controls that allow it to make that distinction based on the nature of different activities. Some companies use R&D to update existing products or conduct quality checks in which a business evaluates a product to ensure that it is still adequate and discusses any improvements. If the […]
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