adminHow to Pay Hourly Employees Semi-monthly Payroll processes determine how employees receive their wages, from the frequency of payment to the chosen payment method. When it comes to paying hourly employees, a semi-monthly payroll is often the most common choice. This type of payroll is seen as an efficient and cost-effective way to pay hourly … Read more
Calculating Semi-Monthly Pay Calculating semi-monthly pay can be a tricky process, but with the right tools and information, it doesn’t have to be. No matter what type of job you have or how much money you make, understanding your semi-monthly wages is crucial for financial planning. In this article, we’ll walk you through the steps … Read more
Accumulated Depreciation Formula Depreciation is a common accounting technique used to spread the cost of a tangible asset over its useful life. It is used to show how much of the asset’s value has been used. Companies can use depreciation to generate revenue from assets by paying for them over time. Not accounting for depreciation … Read more
Advertising to Sale Ratio Advertising is a key component of a business’s success. It is used to attract customers and increase sales. The advertising-to-sale ratio is a measure of how effective the business’s advertising campaigns are. This ratio is calculated by dividing the amount of money spent on advertising by the total sales of the … Read more
Accounts Receivable to Revenue Ratio Businesses use a variety of metrics to assess their financial health. One type of metric is known as a financial ratio. Financial ratios are used to compare different aspects of a company’s financials, such as its revenues, expenses, and profits. Ratios can also be used to compare a company’s financials … Read more
Accounting for Improvements to Fixed Assets Fixed Assets Improvement Fixed assets improvements are expenditures that extend the life of a fixed asset, enhance its overall value, or adapt it for a new use. These improvements must be expected to last for at least one year and must meet certain criteria. For an expenditure to qualify … Read more
Is Bad Debt Expense an Operating Expense Bad Debt Expense Bad debt expense (BDE) is an expense classified under SG&A, which is an operating expense. It is created when an account receivable is deemed uncollectible and is reported on the income statement. The purpose of recording BDE is to reduce the amount of receivables on … Read more
Best Certificates To Be A Success In Auditor Job Auditor Job Auditing is a profession that involves rigorous examination of financial statements, operations, and processes to assess compliance and identify areas of improvement. Auditors help businesses identify risks and ensure accurate reporting. They also help companies create and implement internal controls to improve efficiency and … Read more
Audit Reasonableness Testing Audit testing is a set of procedures used to evaluate the accuracy and fairness of financial statements. This type of testing can be conducted by internal or external auditors and typically involves sampling a group of similar transactions. The purpose of the test is to determine whether the information present in the … Read more
Audit Documentation Documenting the results of an audit assures that the audit findings are accurate and reliable. Audit documentation serves as a defense against accusations of negligence and helps to ensure better quality control over an audit. It can also be used to train junior auditors by providing them with a clear understanding of how … Read more