Adam Hill, author at Online Accounting

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Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Word receipt template: Free Microsoft Word Receipt Templates

Jul 27, 2023 Bookkeeping by Adam Hill

Enter the date of the trip, amount paid, tip total, receipt number, passenger name, driver name, driver ID, and payment method. You can also add trip-specific information, including pick-up location, destination, total mileage, fare per mile, and balance due. This car hire receipt template includes three blank, fillable receipts per page, and can be used
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What is payroll expense: What Is Payroll, With Step-by-Step Calculation of Payroll Taxes

Jul 27, 2023 Bookkeeping by Adam Hill

However, the tax withholdings from employee paychecks are not included in your payroll expenses since they’ve already been included as part of gross wages. This portion of your payroll expenses goes to paying hourly workers. You can calculate gross wages by multiplying your employees’ hourly wage amount by the number of hours they work during
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What is overtime: What is Overtime?

Jul 27, 2023 Bookkeeping by Adam Hill

Employees may be exempt from the FLSA and, thus, not entitled to overtime if they earn a salary that exceeds the FLSA minimum salary requirements and perform job duties that satisfy one of the established overtime-exempt roles. The most common exemptions include executive, administrative, professional, outside sales or computer-related jobs. ● $10 hourly wage becomes
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What is invoice factoring: What is invoice factoring and how does it work?

Jul 26, 2023 Bookkeeping by Adam Hill

In some industries, offering a longer payback period is part of a larger negotiation strategy for getting the best deals. These are just a few of the reasons why many small businesses holding outstanding invoices turn to invoice factoring as a strategy for reducing their cash flow gap. You may be thinking, “What is invoice
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What is fixed cost: The Difference Between Fixed Cost and Variable Cost Explained

Jul 26, 2023 Bookkeeping by Adam Hill

If a company makes zero sales for a period of time, then total variable costs will also be zero. But if sales are through the roof, variable costs will rise drastically. What your company should aim for are low variable costs that enable larger margins so your business can be more profitable. The break-even point
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