Category: Bookkeeping

Bench assumes no liability for actions taken in reliance upon the information contained herein. When you’re ready to let your tax filing be handled by a pro, let Bench do your books and file your taxes. Beyond our year-round financial reporting support, you get access to our in-house tax advisory team. If your business is […]

Content How often should you calculate your predetermined overhead rate? Predetermined Overhead Rate Example How to predict overhead costs How to Determine Overhead Applied to Work in Progress Financial Controller: Overview, Qualification, Role, and Responsibilities Pre-determined overhead rate A predetermined overhead rate is mainly useful in the manufacturing industry to ascertain the company’s manufacturing overhead […]

For example, we have determined that the average selling price for Android smartphones is $261. Let’s say you’re trying to determine a price for your new state-of-the-art cell phone. You would likely price your product above the average to stand out as a high-tech phone provider. The average inventory turnover ratios for ecommerce can act […]

The latter only applies if you hold your accounts outside the United States. If you maintain your account in the U.S., you can leave the second line blank or write “N/A.” If you’re unsure about your exemptions, Page 3 of the form outlines situations that would make you exempt. The W-9 form allows businesses to […]

If the advance is made to a supplier, the payer records it as an asset, since no related receipt and consumption has occurred. A payment to an employee prior to the employee working the related hours is also an advance, and is initially recorded by the employer as an asset. An advance is a payment […]

With multiple ongoing projects, fluctuating timelines, a diverse workforce, and countless subcontractors, construction bookkeeping can quickly become a daunting task. By the time a company using construction bookkeeping cash accounting recognizes a cash flow problem, it’s often too late to do anything about it. That’s why most construction businesses use more sophisticated accounting methods that […]

BCA Consulting of Seattle, WA is a Certified QuickBooks Pro Advisor offering professional bookkeeping in Seattle, WA. We offer different packages, so we will find the plan that best suits your needs. Our eclectic practice includes clients such as Naturopaths, Chiropractors, Attorneys, Landscape Architects, Hair Studios and more. Honest Buck Accounting is a Seattle business that […]

Content Understanding Capital Expenditure When to File Taxes 2023: Tax Deadlines What’s the difference between capital expenditure and revenue expenditure? CapEx vs. OpEx: What’s the Difference? Revenue accounting done right It includes the amount of money that the company plans to spend on long-term assets such as property, plant, and equipment. The capital expenditure budget […]

Content Head-to-Head Comparison Between Bookkeeping vs Accounting (Infographics) Contact S.H. Block Tax Services for Your Bookkeeping Needs Financial Auditor It’s Time to Modernize Your Accounting Cycle Similarities Between Accounting and Bookkeeping What are the functions of bookkeeping? What’s the Difference Between Bookkeeping & Accounting What is the best bookkeeping software for small businesses? Even if […]

Content Frequently Asked Questions AccountingTools Credit note example Where Do Credit Memos Originate? – Understanding Credit Memos and How They Relate to Accounting Signature – What Are the Components of a Credit Memo? How to create a credit memo Most credit memos feature the purchase order number, as well as the terms of payment and […]