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

3 Ways to Endorse a Check

Jul 22, 2020 Bookkeeping by Adam Hill

To sign a check over to somebody else or to a business, verify that a bank will accept the check, thenendorse the back of the check by signing it. To successfully endorse a check, sign your name on 1 of the grey lines located on the back of the check...

What's FOB Shipping Point?

Jul 21, 2020 Bookkeeping by Adam Hill

In contrast, the FOB (free on board) destination point refers to the sale of goods that would take place once a product reaches a buyer's destination. This differs from the FOB shipping point in that the seller may be responsible for the shipping cos...

FOB Shipping Point – Meaning, Example And More

Jul 21, 2020 Bookkeeping by Adam Hill

Importers have to rely on their supplier and the freight agent they are using. The communication and information flow might be a hassle and even a day delay can be very costly. Whether the buyer or seller is responsible for shipping charges depends o...

What are Fixed, Savings, and Variable Costs?

Jul 21, 2020 Bookkeeping by Adam Hill

Definition and example. A flexible budget is a budget or financial plan that varies according to the company's needs. Flexible budgets calculate, for example, different levels of expenditure for variable costs. These levels vary depending on the cha...

Types of government budget: What are the three types of government budgets?

Jul 20, 2020 Bookkeeping by Adam Hill

By incorporating these changes into the budget, a company will have a tool for comparing actual to budgeted performance at many levels of activity. Some costs are variable — they change in response to activity levels — while other costs are fixed and...