Bookkeeping

5 Steps For Process Costing Method

5 Steps For Process Costing Method

By determining what cost the part processed material has incurred such as labor or overhead an "equivalent unit" relative to the value of a finished process can be calculated. Process costing is the only reasonable approach to determining product cos...
How To Start A Virtual Bookkeeping Business In 5 Simple Steps
The Beginner’s Guide To Balance Sheets

The Beginner’s Guide To Balance Sheets

Most assets will go up in value over time while some will go down . Organizing your assets like this can also help you identify where your financial stress is coming from. Now imagine you were to sell or liquidate everything you had of value and pay ...
Forensic Accounting

Forensic Accounting

Understanding an organisation’s backup, archiving and storage practices is crucial to this part of an investigation. In the next sections, the distinction between financial and non-financial data will be explored, followed by a discussion of internal...
Tax Included And How To Back Out The Sales Tax