Categorizing an auto loan down payment expense on the register

For additional practice in preparing journal entries, here are some more examples of business transactions along with explanations on how their journal entries are prepared. The down payment will reduce the amount that customers need to borrow from suppliers to complete the purchase transaction. It will reduce the monthly installment that buyers need to pay.…

What Is Inventory Shrinkage? Causes, Examples, and Prevention

Administrative errors may include pricing mistakes, accidental reorders, missing or additional zeros, or left-out decimal points. To reduce such errors, inventory should be physically counted and re-counted even when the business relies on automated systems. Although employees should be at the forefront of preventing inventory shrinkage, some dishonest employees may steal from their employers. Employees…

Fixed and Variable Costs: Theory and Practice in Electricity SpringerLink

Even if electricity prices go up, you’ll be able to keep paying the lower price on your contract until it expires. Screening curves are a simple but powerful tool to “screen” all thermal technologies available to find out the least-cost option to generate electricity. For a given level of generation (full load hours), the lowest…

Affordable Phoenix Bookkeper Phoenix Bookkeeping Services

They also offer free consultations and discounts for first-time tax clients. Outsource Quickbooks offers bookkeeping services in Phoenix and nearby areas. It carries out accounting, QuickBooks, payroll processing, tax filing, and financial reporting services. It strives to help clients by reducing the burden of managing critical but non-core functions of their business processes, managing their…

The 10 Best Bookkeepers in Indianapolis, IN with Free Estimates

I would highly recommend this place for all of your accouting needs. Whether you’re interested in working with us, need an expert opinion – or just want to find out more about what we do, we’d love to hear from you. We works well for any business wanting to streamline indianapolis bookkeeping their back office.…

Enrolled Agent Salary: Pay Guide for Enrolled Agents in 2024

We have researched the job market for this profession in detail and derived average values. In deriving an average wage, the lowest annual salary is £26,569, and the highest rate is £36,659. Enrolled agents earn the highest average salary in Alaska, Wisconsin, Washington, North Dakota, and Oregon. EAs are federally authorized to represent taxpayers before…

What is a credit memo?

A credit memo is a commercial document issued by a supplier to the customer notifying the reduction of the amount that a customer owes to the seller. If it is a cash sale, it implies the amount of benefit that the supplier owes to the customer. Companies also issue debit memos for the same reasons…