by admin | Nov 17, 2023 | Bookkeeping
However, it is one of the most customizable and therefore versatile CMS on the market. You can integrate your retail CRM with an ecommerce portal to learn more about your customers’ behavior and spot opportunities for journey personalization. You will get a holistic...
by admin | Nov 7, 2023 | Bookkeeping
The high low method uses a small amount of data to separate fixed and variable costs. It takes the highest and lowest activity levels and compares their total costs. On the other hand, regression analysis shows the relationship between two or more variables. It is...
by admin | Aug 31, 2023 | Bookkeeping
First, the transactions are recorded in the Original Book of Entry, known as Journal. Once the Journal is complete, these transactions are then posted to individual accounts contained in General Ledger. General ledger accounts are assigned unique identifying account...
by admin | Jun 8, 2023 | Bookkeeping
A. Illinois is generally not considered a tax-friendly state due to its flat income tax rate and property tax burdens. However, the impact of taxes can vary greatly depending on your circumstances, so it’s essential to speak to a tax professional for personalized...
by admin | May 5, 2023 | Bookkeeping
Due to the simplification in the periodic calculation, slight variance between the two LIFO calculations can be expected. Once the value of ending inventory is found, the calculation of cost of sales and gross profit is pretty straight forward. For example, only five...
by admin | Mar 31, 2023 | Bookkeeping
Wave accounting is a cloud-based accounting website designed for freelancers, self-employed contractors, small business entrepreneurs, and startup owners. Wave is best known for two things—its free version and ease of use. Keep reading our Wave bookkeeping review to...
