Category: Bookkeeping

  • How Much Does It Cost To Program A Key Fob?

    Beyond those costs, FOB terms also affect how and when a business will account for goods in its inventory. EXW often results in cheaper goods; however, the supplier’s risk is increased as they maintain responsibility for the product for longer. The opposite is FOB Destination, where the seller remains responsible for goods until they reach…

  • 9 Best Online Bookkeeping Services 2024

    But, if used in conjunction with the number of transactions, it shows where there might be outliers that would impact the effort to close the books, and thus impact the cost to deliver bookkeeping services. More complex, bigger dollar amount transactions can lead to more complicated accounting work – at least for providers that are…

  • Cash basis vs accrual basis

    The difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned, and expenses when they’re billed (but not paid). And if you maintain your books on…

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