Running it by monthly payroll with 20 employees will cost around $100/month plus $5-$8 per employee if you work with ADP. The more employees you have, the more you will have to pay how much is adp payroll for the ADP payroll system. If your business has 20 employees, you cannot use the do-it-yourself option, […]
Category: Bookkeeping
What Is the Difference Between Assets and Plant Assets? The Motley Fool
Equipment is also quite valuable and crucial to the operation of any organization. It propels operations forward and allows a company to generate money on a consistent basis. Equipment is also one of the most varied forms of plant assets since it differs based on the industry or the one characteristic of a plant asset […]
In-House vs Outsourced Accounting Support Explained
BSMART’s commitment to excellence, industry expertise, and client-focused approach make them a trusted partner that can help you achieve your financial goals and drive growth. Experience unparalleled scalability with Sourcefit’s outsourced accounting solutions, providing the flexibility your business needs to thrive in dynamic markets. Whether you’re facing rapid growth or seasonal fluctuations, outsourcing allows you […]
Prorated Definition & Meaning
Accrued interest is the total interest that has accumulated on a bond since its last coupon payment. The bondholder is still entitled to the interest that accrues up until the time the bond is sold if they sell the bond before the next coupon date. The bond buyer, not the issuer, is responsible for paying […]
How to Account for Gain and Loss Contingencies
If both dates fall within a fiscal year, the accountant faces no serious problem in incorporating the event and its effects in the statements. Finance Strategists is a leading financial education organization that connects people with financial professionals, priding itself on providing accurate and reliable financial information to millions of readers each year. For information […]
Capital Budgeting: Process, Methods, Challenges and Examples
With this capital budgeting method, you’re trying to determine how long it’ll take for the capital budgeting project to recover the original investment. In other words, how long it’ll take for the major project to pay for itself. This guide will cover the importance of capital budgeting, how the process looks, and common techniques you […]
Contra Account Definition + Journal Entry Examples
Revenue is an income statement account, but it flows through to the equity section of retained earnings as well. Any products that are sold at a discount or returns are deducted from gross revenue to produce net revenue as the top line on the income statement. For instance, if a company has a plant asset […]