Category: Bookkeeping

At this point, do not be concerned about the accuracy of the future financial statements that will be created using these estimated overhead allocation rates. In simple terms, it’s a kind of allocation rate that is used for estimated costs of manufacturing over a given period. It’s a good way to close your books quickly,…

Securely organise patients’ medical data from Scans, Blood Reports, Medication history, and patient management systems. Keep your patients updated and take the operational overhead off healthcare professionals. That, in turn, may motivate them to look more closely at whether Company B has been managing its cash flow as effectively as possible. If the company’s accounts…

Debit and credit represent two sides (columns) of an account (i.e., a Debit column and a Credit column). Debit (Dr.) involves making an entry on the left side and Credit (Cr.) involves making an entry on the right side. The company purchases equipment for $10,000 with $2,000 cash and an $8,000 loan. The company pays…