Category Archives: Bookkeeping

Introduction to Inventory Cost Flow Assumptions Financial Accounting

Content NRV Inventory Valuation Method Example Inventory Holding Cost Inventory Valuation Adjustments and Estimates LIFO Example What you’ll learn to do: Establish the cost of items in inventory Weighted Average Inventory Costing or Average Cost Inventory Method As a historical note, a further cost flow assumption, last in, first out (LIFO), was once available for use. […]

President Signs Paycheck Protection Program Flexibility Act

Content What is the current status of the Paycheck Protection Program? Labor, employment & human resources New Legislation Extends Previous Application Deadline Public Policy Action Network – March 2023 Meeting Who is not eligible for a PPP loan? Deferral of payroll tax payments Paycheck Protection Program After exhausting administrative remedies, a business may request judicial […]

How do I set up a contra account or control the natural balance of a GL account in Quickbooks Online?

Contents: Allowance for Doubtful Accounts Trial Balance Contra Account Definition in Accounting Journal Entry for Discount on Bonds Payable Get instant access to video lessons taught by experienced investment bankers. Learn financial statement modeling, DCF, M&A, LBO, Comps and Excel shortcuts. Despite being classified as a liability, it functions more like an asset because benefits […]

QuickBooks Online Basics You Need to Know U S. Small Business Administration

Contents: QuickBooks Time timesheets for faster payroll and more accurate invoicing inside QuickBooks Online.** How does QuickBooks Time work? Ratings and Reviews App Privacy You’re our first priority.Every time. Its basic HR features — like managing paid time off — will also reduce the need for additional software. All of these features make QuickBooks Time […]