Bookkeeping

Cost of Goods Manufactured COGM Formula, Calculation

A thorough analysis of production needs lays the foundation for the subsequent steps in the COGM scheduling process. Equipping oneself with knowledge and tools can transform the way a manufacturer approaches cost management and creates a thorough understanding of the financial implications of COGM. According to the accrual accounting matching principle, costs are recorded in …

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Pink-Collar Workers: Gendered Occupations and Labor Devaluation

Securing fair compensation and benefits for pink collar workers encompasses the implementation of pay equity policies, the provision of non-financial benefits, and the recognition and reward of exceptional performance. Historical disparities have resulted in pink-collar jobs paying less and offering limited career advancement, necessitating the establishment and enforcement of pay equity policies accompanied by regular …

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Bookkeeping for Small Businesses

Amira Drori founded the boutique company after 15 years of management and bookkeeping in the corporate world. She values direct communication with clients and discreet one-to-one relationships between the business and the professional managing its books. Ms. Drori and her team use QuickBooks and offer three standard services, priced for small, medium-sized, and large businesses. …

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Bookkeeping for Small Business Bookkeepers Manhattan, Queens CPA Miller & Company LLP

Plus, get payments and tax resource support, product support, extended hours, and more included with Priority and Expert Assisted. They’ll guide you through onboarding and train you on features, all with extended hours and priority access. Schedule today and we’ll do one prior month of your bookkeeping and prepare a set of financial statements for …

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What is Accumulated Other Comprehensive Income AOCI?

Other comprehensive income is a pivotal component of financial reporting that extends beyond the traditional net income figure. It encompasses gains and losses that, although significant, do not find their way onto the income statement. Instead, these items are presented separately in financial statements, offering a more comprehensive view of a company’s financial health. First, …

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35 Essential Business Expense Categories

This category includes office supplies like computers, pens, and paper; cleaning services for your office space; and other miscellaneous office expenses. Website hosting and domain payments may fall into this category as well. It is important to understand the difference between “cost” and “expense” since they each have a distinct meaning in accounting. Cost is …

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