ContentQUOTE, SCHEDULE, INVOICE, AND GET PAID—FASTER!Want More Helpful Articles About Running a Business?Download Artist Invoice Template Easy With Saldo InvoiceWhat your invoice should includeReasons Why Every Artist Should Be on Instagram Whatever services you are billing your clients for, using a single form of billing will...
It’s a straightforward and intuitive way to manage inventory, especially for perishable goods. In effect, a firm is apt to sell units that may have 2000 or 2010 costs attached to them. The result is a lower cost of goods sold, higher gross margin, and...
Amortization means spreading the cost of an intangible asset over its useful life. If software development qualifies as “research and development,” the cost is either deducted currently or amortized over five years, under Sec. 174 and . If N exercises the option, its basis in...
Listing a property on Airbnb and collecting rental income is relatively straightforward. Hosts can face problems tracking Airbnb expenses and understanding tax rules and hidden fees. It can be hectic to stay organized and on top of your rental property income and expense tracking responsibilities....
ContentOne of the most important financial documents every business owner needs to understand is the balance sheet.Detail a business’s financial position over timeHow Balance Sheets WorkLiabilitiesResourcesCurrent (Short-Term) Liabilities It’s called “gross” because expenses have not been deducted from it yet. Liabilities also include obligations to provide...
After the passage of the Affordable Care Act in 2010, employees who make over a certain amount of money each year must pay an additional Medicare surtax. Once an employee’s wages reach $200,000, you must start withholding 0.9% on any wages exceeding that threshold. There...
ContentExplore outsourcing todayResourcesHow Horizons Can Help You Hire Full-Time EmployeesThe Importance of Determining FTEsHow to calculate FTEs In turn, clients not only save on administrative costs, but the cost of an employee turns into a single line-item for easier accounting. Moreover, FTEs play a vital role...
ContentSoftware developmentRights and permissionsKPMG Advisory servicesIFRS Perspectives: Update on IFRS issues in the USINTERNATIONAL TREATMENT OF R&DChapter 8: Research & Development If services are not expected to be rendered, the capitalized advance payment should be charged to expense in the period in which this determination is...
The quantity of direct materials needed to complete a unit of product is determined by the “bill of materials”. It is a well organized document which is prepared by combined effort of engineering and production department. The document contains information regarding all the items, materials...
Net profit is another one of the most important retail metrics—at the end of the day, it’s the money that’s left in your pocket. That’s why it’s also known as the bottom line, as it’s usually shown at the bottom of a financial report. Discounts,...