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Variable overhead costs are indirect manufacturing costs that fluctuate based on production activity. These costs are typically not directly tied to a specific product unit but are necessary for the overall production process. The result is a favorable variance if the actual costs are lower than expected. Vice versa, if the actual costs exceed the…
Debt helps facilitate major purchases, but it’s still an obligation that carries risks. Our partners cannot pay us to guarantee favorable reviews of their products or services. Of course, the offers on our platform don’t represent all financial products out there, but our goal is to show you as many great options as we can.…
A company’s number of shares outstanding (outstanding shares) is the total number of shares issued and held by stakeholders, both outside investors and insiders. Shares outstanding refer to a company’s stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders. Authorized shares…
Consult the local laws first when you’re unsure how to calculate employees’ paychecks. Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your…
These services can range from monthly accounting, GAAP audit/GAAP compliance, and chart of accounts review, among a slew of other services. With the high paced and competitive market of New York, give yourself the edge by taking advantage of the time saving ease of becoming a QuickBooks Pro. Rimberg is here to make sure you…
For example, if an employee is hired to work on a project, either exclusively or for an assigned number of hours, their labor on that project is a direct cost. If your company develops software and needs specific assets, such as purchased frameworks or development applications, those are direct costs. You can reduce other indirect…
In-house bookkeeping means employing accounting staff internally at your company, typically in an accounting department. Financial Planning and Analysis is typically part of an integrated financial management cross-department that connects budget, accounting, and compliance. Would you rather tackle accounting yourself instead of outsourcing it to a third party? Check out our list of the year’s…
He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. Identifying tasks that can be reasonably handled in-house versus outsourcing specialized aspects to CPAs to avoid unnecessary billings is another thing you can do to spend less on CPA services. You might also like our articles…
The final invoice amount should be the same or close to the amount on the pro forma invoice. Specific documentation is required before goods can pass through customs into the U.S. You can create (or write) a proforma invoice from scratch with the details from our “What Should You Include” section above to help you get started. A…
