And if you’re a CFO, Controller or accounting executive, know that in order to run a thriving business, you need to have an efficient finance and accounting department. As mentioned, one alternative to outsourcing is hiring a full-time employee or assembling an accounting team to handle accounting functions. But this …

So in the case of deciding whether to invest in IPO stock, it’s important for investors to consider debt when deciding whether they want to buy IPO stock. Depending on the industry they were in and the D/E ratio of competitors, this may or may not be a significant difference, …

Throughout the grand opening month of September, the store sells 80 of these shirts. All 80 of these shirts would have been from the first 100 lot that was purchased under the FIFO method. To calculate your ending inventory you would factor in 20 shirts at the $5 cost and …

In these cases, the IRS recommends either FIFO or LIFO costing methods. Some service companies may record the cost of goods sold as related to their services. But other service companies—sometimes known as pure service companies—will not record COGS at all. The difference is some service companies do not have …

One thing that FreshBooks has that QBO lacks is excellent customer support. It may also be a more affordable option provided you don’t have many users, as FreshBooks charges an additional fee per user. The more expensive plans include cpa bookkeeping services additional users, in-depth reporting, and advanced features. QuickBooks …