ContentPeriodic vs. Perpetual Inventory: What’s the Difference?Benefits of periodic inventoryCost Flow Assumption DiagramPerpetual FIFO Manufacturers must strategically choose periodic or perpetual inventory accounting to manage this material efficiently and keep…
You can install your QuickBooks product on more than one computer (home and office) but only one computer can access the data file(s) at one time. Consider the possibility of…
Using our internal case study, we compared QuickBooks Desktop Pro against its top competitors, QuickBooks Online and Xero. Using a structured scoring rubric, we evaluated the three programs across 12…
You also have to decide, as a new business owner, if you are going to use single-entry or double-entry bookkeeping. You record transactions as you pay bills and make deposits…
However, a CFO carries different responsibilities and must possess specific qualities that significantly differ from those of a controller. In conclusion, financial controllers play a vital role in managing a…
The stock dividend rewards shareholders without reducing the company's cash balance. Companies share their profits with shareholders by making cash payments called dividends. Once the company commits to make a…
In the United States, certification requirements for accountants can vary from state to state. But there is one requirement that is uniform in every state—the passing of the Uniform Certified…
The team then categorizes all your transactions, reconciles your bank accounts, and prepares monthly financial statements. 1-800Accountant is a nationwide virtual accounting firm that will handle all of your accounting…
For example, in 2010, Facebook (META), now Meta, bought the domain name fb.com for $8.5 million from the American Farm Bureau Federation. So, the entire amount paid for it can…
SMBs needing remote access to their account files should choose QuickBooks Online. If you want the speed and usability of desktop software, then QuickBooks Desktop is preferable. Learn which is…