Category: Bookkeeping

If an asset is sold or disposed of, the asset’s accumulated depreciation is removed from the balance sheet. Therefore, always consult with accounting and tax professionals for assistance with your specific circumstances. After an asset’s depreciation is recorded up to the date the asset is sold, the asset’s book value is compared to the amount… Continue reading Quarterly Fixed Asset Mass Depreciation Run on December 30th, 2023 General Accounting Office

Regardless of the month, the company will recognize six months’ worth of depreciation in Year 1. If there are any questions on how to process transactions in time, contact the GAO Agency Liaison. If you are interested in learning more about depreciation, be sure to visit our depreciation calculator. Additionally, if you are interested in… Continue reading Depreciation Selling a Depreciable Asset

The second way is by improving processes so that the variance goes down over time. This reduces your standard cost and improves overall performance. This might happen when an invoice has not been received or a payment was made earlier or later than expected. Management could also offer target-based financial incentives to salespeople or create… Continue reading Difference Between a Favorable & Unfavorable Variance

This can also be considered an important part of quality control for businesses. Sales volume variance and selling price variance are revenue variances, while the rest are expense variances. Here are a few questions you can ask yourself when investigating unfavorable variances. Favorable budget variances occur when the actual results are better than the amount… Continue reading Budget Variance: Definition, Primary Causes, and Types

Therefore, there are one thousand millimetres in a metre. In Japanese typography, these square symbols are used for laying out unit symbols without distorting the grid layout of text https://www.bookstime.com/articles/agricultural-accounting characters. A common shortening of millimetre in spoken English is “mil”. This can cause confusion since in the United States, “mil” traditionally means a thousandth… Continue reading Convert mm to inches

Please provide values below to convert millimeter [mm] to inch [in], or vice versa. Therefore, there are one thousand millimetres in a metre. In Japanese typography, these square symbols are used for laying out unit symbols without distorting the grid layout of text https://www.bookstime.com/ characters. A common shortening of millimetre in spoken English is “mil”.… Continue reading Convert mm to inches

Higher interest rates make the existing lower interest rates less desirable. In addition, the discount rate used to calculate the bond’s price increases. Bond prices and bond yields are excellent indicators of the economy as a whole, and of inflation in particular. As bond prices shift, you can reverse engineer market expectations about interest rates… Continue reading Premium bonds: is it worth investing now the odds of winning are better? Savings

A bond’s price in relation to its par value is just one factor for investors to consider. A premium bond may be a better choice ahead of rising interest rates than a discount bond with the same yield. Other factors, such as financial position, industry-specific factors, and tax consequences all need to play a role… Continue reading What Are Premium Bonds?

OpEx purchases cover pay-as-you-go items that show up on an organization’s profit and loss statement, and they are deducted from income as they occur. Our article on IT cost reductions offers advice for lowering expenses and making more room in the budget for potential CapEx purchases. The trend in the growth of capex must match… Continue reading CapEx vs Opex Differences, examples, & importance

OpEx is fast, flexible, and changes regularly, like monthly, quarterly, or annually. Operating expenditures are considered necessary to keep the business running smoothly and effectively. Better yet, these assets can actually become more valuable over time and provide a potential source of resale value or collateral for financing purposes. Companies dig deep into their pockets… Continue reading CAPEX: Capital Expenditure