Bookkeeping

Contractors may increase their revenue if they’ve estimated the unit pricing correctly. But since production quantities can end up higher than expected, there can be a risk bookkeeping for construction company between customer and company. Keeping track of payroll is another element where construction bookkeeping is essential. Unfortunately, it’s not as simple as agreeing on …

Construction accounting 101: An expert guide for contractors Διαβάστε Περισσότερα »

Unlike traditional accounting methods, fund accounting emphasizes accountability and transparency, ensuring that funds are allocated and utilized for their intended purposes. Church bookkeeping should be a top priority for every congregation, especially considering the implications effective bookkeeping has on your church’s financial management and legal compliance. To ensure your books are accurate and compliant, outsource …

Church Bookkeeping & Financial Support for Small and Growing Churches Διαβάστε Περισσότερα »

For example, you do not have to pay more for your warehouse if you produce one more unit of the product (unless it is more than your warehouse’s capacity). Your additional cost of producing one extra product depends mostly on the value of the product itself – materials, workers’ wages, etc. Fixed costs do not …

Marginal Cost: Meaning, Formula, and Examples Διαβάστε Περισσότερα »

Since she does not need two rings, she would be unwilling to spend another $100 on a second ring. She might, however, be convinced to purchase that second ring at $50. For this customer, the marginal benefit of the first ring is $100, while the marginal benefit of the second ring is $50. Marginal benefit …

Marginal Cost Formula: How to Calculate, Examples and More Διαβάστε Περισσότερα »