Category: Bookkeeping

As stated above, most financial institutions provide companies with loan repayment schedules with the breakup of periodic payments split into principal and interest payments. Sometimes, amortization also which journal entry records the amortization of an expense refers to the reduction in the value of a loan. Let us understand the journal entry to amortize goodwill…

Adjustment entries can also impact a business’s stock-based compensation expenses. Adjustment entries can impact a business’s cash flow by affecting the timing of cash inflows and outflows. For example, if an adjustment entry is made to increase accounts receivable, this will increase the amount of cash that the business expects to receive in the future.…

You could have one account reserved for paying expenses, another one for managing payroll, and a third one for receiving payments for clients. Whether you decide to do job costing manually or using software, the same steps apply. Job costing is a process that helps you determine the costs of working on a project. Union…

Construction jobs also run longer-term than many other businesses; some contracts can span multiple years. The company is still responsible for its accounts payable on whatever terms have been set (usually anywhere from 30 to 90 days), even if the job itself won’t be complete for another two years. Construction jobs are then doled out…

Their ability to act as a strategic partner, offering guidance and expertise, will be instrumental in navigating financial complexities and achieving long-term objectives. In this article, we explore the benefits of hiring a fractional CFO and evaluate whether it’s a wise decision for your business. We’ll delve into the cost savings they offer compared to…

Wolfgang is a finance manager specialized in improving finance department’s performance and processes in the role of interim finance manager. He worked in the Automotive and Technology sectors, and has led multiple projects to streamline financial operations. Wolfgang enjoys implementing automation tools, such as robotic process automation (RPA) to further increase process efficiency and accuracy…

Bookkeeping is vitally important to your business and its success. You cannot afford to allow an amateur to design and maintain your financial structure. Add something as complicated as job costing and it’s even more essential. Campbell G. – Architect / Design Firm The team is responsible for the sale of decorative plumbing, hardware, cabinetry…

It includes recognizing revenue and costs based on the stage of completion, managing variations and claims, and ensuring transparent financial reporting specific to construction projects. Job costing is a cornerstone of construction accounting, involving the precise allocation of expenses to specific construction projects. It provides detailed insights into all project-related costs, aiding in accurate cost…

The calculations results given by the compound interest calculator serve only as guide for potential future value. Please speak to an independent financial advisor for professional guidance. FV – The FV function calculates the future value of an annuity investment based on constant-amount periodic payments and a constant interest rate. The final value after 5…

The Company presents revenue, excluding the effects of political revenue. Operating expenses increased $27.5 million, or 15.8% YoY, primarily driven by higher variable content costs, including higher podcast profit sharing and third-party digital costs related to the increase in revenues. Broadcast revenue declined $6.3 million, or 1.4% YoY, driven by lower spot revenue, partially offset…