Category: Bookkeeping

But you’re probably not an economist — so, with sleeves rolled down, you might be tempted to accept the oversimplified “strong equals good” notion that’s been around for more than two decades. Investors can also profit from a falling U.S. dollar through the purchase of commodities or companies that support or participate in commodity exploration,…

Items that tend to be more susceptible to the impacts of a weak dollar include commodities, gasoline, and travel. Low-cost provider countries produce goods cheaply during times of U.S. dollar strength. Companies sell these goods at higher prices to consumers abroad to make a sufficient margin. When the dollar weakens, it means that it can…

Our team of friendly experts is here for you round the clock, readily accessible to answer all your queries and promptly handle your concerns. Think of us as an extension of your team, here to assist you in achieving your business goals. Aprio’s government contracting accounting experts help clients advance accounting solutions to effectively navigate…

From there, you can add comprehensive accounting, payroll, and tax services as needed. Bookkeeper.com manages your accounts using QuickBooks Online (or QuickBooks Desktop, if you prefer). Plus, not every online bookkeeping service works with both accrual-basis and cash-basis accounting—but Bookkeeper.com does. Unlike most other outsourced bookkeepers on our list, Merritt Bookkeeping doesn’t offer any in-house…

The consistency principle requires a company to adopt an accounting method and follow it consistently from one accounting period to another. Accountants record the ending inventory balance as a current asset on the balance sheet. Now you have an idea of how to navigate the average cost method, but what are the benefits involved? Moving-average…

Average costing does not work well when the units in a batch are not identical, and therefore cannot be treated in an identical manner for costing purposes. It also does not work when inventory items are unique and/or expensive; in these situations, it is more accurate to track costs on a per-unit basis. Instead, being…