A two-percent increase in unemployment leads to a 78 percent chance of a directive not being transposed on time. Likewise, a one-percent rise in unemployment leads to a 67-percent chance of nontransposition. These are all risk factors that could...
Read moreHaving a strong restaurant culture reduces staff turnover and boosts restaurant sales. Whether you are starting your first company or you are a dedicated entrepreneur diving into a new venture, Bizfluent is here to equip you with the tactics...
Read moreHaving an accountant or someone familiar with IRS regulations on your board can help ensure a complete and accurate submission of all necessary tax forms. IRS Publication 557 – Tax-Exempt Status for Your Organization, establishes an 85% of the...
Read moreBefore delving into the strategies for increasing the accounts payable (AP) turnover ratio, let’s understand the reasons behind the need for such adjustments. If your business has cash availability or can make a draw on its line of credit...
Read moreTangible assets are physical items that can be seen and touched, such as buildings, machinery, and inventory. Intangible assets, on the other hand, are non-physical resources like patents, copyrights, and goodwill, which hold value for a company...
Read moreContra Liability a/c is not used as frequently as contra asset accounts. It is not classified as a liability since it does not represent a future obligation. Including contra accounts on a balance sheet is important as it allows for a more...
Read moreManagerial accountants calculate and allocate overhead charges to assess the full expense related to the production of a good. The overhead expenses may be allocated based on the number of goods produced or other activity drivers related to...
Read more