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High-Low Method Definition, Formula, Calculate

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...

What is a general ledger account?

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...

Free Accounting Software for Small Businesses

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...

Jason Sudeikis Super bowl Commercial for TurboTax Is a Hit

As the culmination of the “Come to TurboTax” campaign from Wieden+Kennedy, “Dancer” continues the messaging of “Don’t Do Your Taxes.” The 45-second spot promotes Intuit’s TurboTax Live Full Service, where people can hand off their taxes to a TurboTax expert, which...

Enrolled Agents Salary: Getting a run for their money

Tax preparers work with taxpayers to complete federal and state tax returns. This job usually involves a busy season, with the highest workload occurring from December to mid-April. An enrolled agent usually works on a year-round basis helping clients. Working as an...