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Category Archives: Bookkeeping

Variable Overhead Efficiency Variance Definition, Formula, Example, Calculation, Explanation

By using standard cost against both the actual and expected quantity, we get the variance in dollars that is attributed to quantity only. The standard hours are the total number of hours required by the company’s standard hours of the … Continue reading

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The Ultimate Guide To Construction Bookkeeping

Similarly, in contrast to retail and manufacturing, production primarily happens across different jobsites rather than fixed locations like plants. Both equipment and labor then frequently move from site to site, leading to mobilization costs. Tracking these costs separately helps bookkeepers … Continue reading

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Property management software for every real estate portfolio

You can then use the Roll Up function to view the individual property budgets that make up your overall budget. Yardi Voyager is a database system that is used for apartment communities to keep track of their excel invoice leasing … Continue reading

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8: Standard Cost Systems Business LibreTexts

A standard cost system is often used to assess and control costs in a business. This approach can be beneficial in certain situations, helping companies remain financially stable over the long term. One of the signs that a standard cost … Continue reading

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Construction Accounting 101: A Basic Guide

Even if you’re a truck manufacturer, it might be a longer term between the sale and delivery, or you may just deliver from a stock of inventory. On top of distinct project requirements, construction operations also features long and often … Continue reading

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Consignment Sales Understanding the Consignment Sales Process

The balance of inventory would be inventory still held by the consignee. The consignee sells the consigned inventory on behalf of the consignor. the 12 best free invoice templates for designers The debit entry is made to the personal account … Continue reading

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elaws FLSA Overtime Calculator Advisor

Overtime Calculator Advisor – computes the amount of overtime pay due in a sample pay period based on information from the user. Elaws FLSA Advisor – addresses key wage and hour topics, including overtime pay requirements. The employee in this … Continue reading

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Outstanding Shares: Formula, Calculation, Types and Importance

In general, stocks with low floats will experience shares outstanding formula more volatility than those with large floats. Other companies may explicitly list their outstanding shares as a line item in the equity section of their balance sheet. By calculating … Continue reading

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Construction Financial Software

Programs such as Sage 100 Contractor and ProContractor by Viewpoint can help with everything from job costing to managing purchase orders. These programs can also help with tracking expenses by project, which can be especially useful for larger construction companies. … Continue reading

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