Category: Bookkeeping

Activity-based costing Wikipedia

Content Treating fixed costs as variable Calculate Product Margins Extra resources UNDER ACTIVITY BASED COSTING Introduction to Activity Based Costing Therefore, the overhead rate is consistent across products, but overhead may be over- or underapplied. The difference between the traditional method and the ABC method is more complex than simply the number of cost drivers. […]

Accrual Accounting vs Cash Basis Accounting: What’s the Difference?

Content What is cash basis accounting? Why Tax Planning is Important for Small Businesses Which Is Better: Cash- or Accrual-Based Business Accounting? Changing Accounting Methods Hybrid method of accounting This method lets you understand the current cash flow and compare it to future cash flow . In a nutshell, when you receive payment from your […]

The 10 Most Overlooked Tax Deductions

Content Iowa Data Center Business Property Exemption Tax professionals Iowa Barn and One-Room School House Property Exemption Attorney General’s Office Additional Information Office of Consumer Protection Make sure to record your expenses as you go along. Keeping detailed records of any expenses related to your rental makes things much easier when it comes time to […]

Accountant vs Bookkeeper: What’s the Difference?

Content How to Run a Successful Electrical Business What is the difference between a bookkeeper and an accountant? Looking to Make Proper Decisions About Your Business? Bookkeeping vs Accounting The Types of Education for a Tax Analyst Outsource Your Company’s Financial Services to Bookkeepers and Accountants What does a bookkeeper do vs. an accountant? Bookkeeper […]

Publication 535 , Business Expenses Internal Revenue Service

Content What counts as an education expense? 📉 22. Business losses Create Professional Contracts with Bonsai More resources for small businesses Expenses What Can Be Written off as Business Expenses? Health insurance premiums If you take out a policy on your life or on the life of another person with a financial interest in your […]