Bookkeeping

Compared to LIFO, FIFO is considered to be the more transparent and accurate method. Because FIFO assumes that the lower-valued goods are sold first, your ending inventory is primarily made up of the higher-valued xero bank transfers goods. Additionally, any inventory left over at the end of the financial year does not affect cost of […]

Investors and stakeholders are not the only ones who look at the risk of a business. Lenders usually use the debt-to-equity ratio to calculate if your business is capable of paying back loans. The credit trustworthiness of your business lets lenders know if you can afford to repay loans. What Industries Have High D/E Ratios?

Management must be careful and analyze why CM is low before making any decisions about closing an unprofitable department or discontinuing a product, as things could change in the near future. Next, the CM ratio can be calculated by dividing the amount from the prior step by the price per unit. Lastly, the contribution margin

At higher income levels, the deduction is reduced or eliminated, depending on the nature of the business. The calculations also get quite complicated, but TurboTax easily handles them and will figure out how much of a deduction you’re entitled to. Prior to joining the firm in 2004, Jody was in the private sector where he

Perpetual systems are costly to implement but less expensive and time consuming over the long haul. Since a perpetual inventory system estimates stock on hand, it does not replace a periodic physical inventory. The system allows for integration with other areas, including finance and accounting teams. Employees can use perpetual inventory data to provide more

Accountants’ rates vary based on their education, licenses, experience, and the work for which they are being hired. An accountant may charge an hourly rate when a company or individual needs their services on a short-term basis, such as when performing an audit or requesting assistance setting up a financial database or process. Hourly rates

As one of the leading CPA firms in San Antonio, ADKF believes in the concept of being actively involved in its community and civic activities. This San Antonio CPA approaches each client engagement with the idea that people come first. With that concept comes personal service, as well as an emphasis on open, continual communication.