by admin | Aug 8, 2024 | Bookkeeping
Establishing a partnership with a provider offering a choice of construction bookkeeping services is the only way to maintain the accuracy of financial reporting without significant investments and fostering accountability. Sage 100 Contractor brings robust project...
by admin | Nov 30, 2023 | Bookkeeping
To calculate ending WIP inventory, you need beginning WIP inventory, which is the previous reporting period’s ending WIP inventory. The difference between the cost of goods sold and the cost of goods manufactured (COGM) lies in their respective stages. Understanding...
by admin | Sep 5, 2023 | Bookkeeping
Suppose you discover after reconciliation that certain amounts were not correctly recorded in your Ledger. It could be an entry with an incorrect amount or an entry you completely omitted to record in your General Ledger Accounts. Under this step, you need to check...
by admin | Jul 21, 2023 | Bookkeeping
If sales were always constant and the lead time on orders never an issue, this would be a very simple process. But not everything in business is predictable, and there can be delays in the retail supply chain. Assume that a company uses...
by admin | Feb 27, 2023 | Bookkeeping
Despite best efforts and rigorous credit assessment processes, the risk of customers defaulting on payments looms large. Most business owners will have to use the direct write-off method, also called the specific charge-off method, to take the debt off the books....
by admin | Nov 11, 2022 | Bookkeeping
Let us help you stay focused on your mission while our nonprofit accounting team concentrates on your finances. Did you know…OneOC can help you get organized for your nonprofit tax filing or nonprofit tax returns? OneOC’s back-office support services provide...
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