Variable Cost Explained: How Do You Calculate It?

In this way, a company may achieve economies of scale by increasing production and lowering costs. Variable costs are often discussed in the context of comparing variable and fixed costs. While variable costs change as production or sales volume increase or decrease, fixed costs remain the same. What Are Fixed and Variable Expenses? – Accounting – […]

Virtual vs Traditional Bookkeeping, Which is right for your company?

With so many choices, picking the right one for your demands can be challenging. Let us discuss some factors you should consider when selecting a service provider for your business. Accountants or CPAs can advise on tax laws and regulations while helping you ensure that your books are balanced and accurate. Xendoo gives you […]

What should be the entry when goods are purchased at a discount?

This means that the company can deduct $280 (1% of $28,000) if it pays the invoice within 10 days. The early payment discount is also referred to as a purchase discount or cash discount. Depreciation is the gradual charging to expense of an asset’s cost over its expected useful life. The reason for using depreciation […]

17 Best San Francisco Bookkeeping Services

When you work with Acuity, you’re not just benefitting from the expertise of our team. You also gain access to our network of technologies that simplify your finances, including Xero, QuickBooks, Gusto,, and more. Our accounts receivable management offerings help you keep your payments in check. By taking the customer collections off of you, […]

How to Fill out Form 720: A Guide to Reporting Excise Tax

Excise taxes are often included in the price of products such as gasoline or alcohol. The biodiesel mixture credit may not be claimed for biodiesel produced outside the United States for use as a fuel outside the United States. The United States includes any territory of the United States. The person receiving the payment for […]

Indias Tech Leaders Jockey For Slice of $300 Billion AI Market

The advantages of KPO include improved communication, faster turnaround times, and access to a large pool of qualified professionals at a fraction of the cost in developed countries. Outsourcing to India can provide significant cost savings and other benefits for companies looking to reduce costs or improve performance. In order to get the most out […]

The difference between direct and indirect labor

Hence, variance arises due to the difference between actual time worked and the total hours that should have been worked. If Kris continues to track this expense the small business accounting software cost for one month should be easy to solve. By tracking this as the owner and only employee, this information could also help […]