What is QuickBooks? Defining the Popular Accounting Software
You can set up auto payroll to run each pay period—and get automatic payroll tax filing and free direct deposit services. Computerized accounting systems have become more popular than manual systems, thanks to computers and accounting software. Computerized systems help improve the efficiency of bookkeepers and business owners while improving accuracy. QuickBooks Desktop is an […]
Free Financial Projection and Forecasting Templates
They can provide guidance on estimating revenue and expenses as they relate to banking policy, rate changes, and other financing factors to ensure that your projections align with accounting principles. Categorize your expenses into fixed costs (e.g., rent, salaries) and variable expenses(e.g., raw materials, daily, weekly, monthly, or periodic operational expenses). Many businesses struggle with […]
How to Calculate Cost Per Unit? Definition & Examples 2022
Average unit price is calculated by dividing the total revenue or net sales amount by the number of items sold. Since the purchase price of common stock typically changes every day due to market forces, common stock purchased at different points in time will cost https://www.bookstime.com/ different amounts of money. To calculate the average cost, divide the total purchase […]
Cash Disbursement Journal: Definition, How It’s Used, and Example
A cash disbursement journal is a multi-column form that includes several pieces of information. A business can add or delete any number of columns to it depending on the needs. A cash payment or disbursement journal complements a cash receipt journal where they become part of the cash book. A cash disbursement is a payment […]
Note receivable: Definition, Explanation, Journal entry, and Example
The maker is another business or debtor who signs a legal agreement to repay the debt, including interest charges. At the end of the three months, the note, with interest, is completely paid off. It is calculated as ($50,000 x 6%) multiplied by the ratio of days outstanding to 365 (183/365). There is a line […]
