Author Archive | Stelios Konteas

Net realizable value for inventory is the estimated selling price of inventory in the ordinary course of business, minus the estimated costs of completion and sale. For instance, if inventory sells for $500 and costs $100 to complete and sell, the NRV is $400, reflecting the inventory’s true market value. Net realizable value is an […]

By understanding accounts payable and accounts receivable, agents can ensure accurate financial reporting and make informed business decisions. Yes, there is free real estate business accounting software available for landlords and property managers. While these options may have basic accounting features compared to their paid counterparts, they still provide essential functionalities for managing finances and […]

During the period, 600,000 feet of flat nylon cord costing $330,000 were purchased and used. When a company makes a product and compares the actual materials cost to the standard materials cost, the result is the total direct materials cost variance. When a company makes a product and compares the actual materials cost to the standard […]

In doing that, your outsourced accounting firm will work closely with you to develop an approach that works for your business. They’ll track KPIs that are important to you, provide regular financial reporting, and be responsive to your needs when you call with questions. If you need help with CFO-level strategic initiatives but have the […]

Fully Accountable is a full-service eCommerce accounting firm offering outsourced finance and accounting for eCommerce and technology companies. These skill sets are not common among accounting firm personnel, Ames said, so when HP recruits for these positions, it posts job titles such as “data scientist” or “analytics solution architect.” “We differentiate candidates who are experienced […]

It’s one of the highest-rated and most popular bookkeeping software services — and for good reason. Few accounting software programs are as fully featured as QuickBooks Online, which lets users track expenses, reconcile bank accounts, generate critical financial reports and much more. QuickBooks Plus is the most popular plan for businesses since it includes features […]

This means that both ratio analysis and trend analysis wouldn’t be available for investors and creditors to help gauge the company’s current performance. GAAP does allow companies to change accounting treatments when it is reasonable and justifiable. Companies are not allowed to change from one method to another in a current year then back to the previous method […]

Many applicants have reported that IRS lost their passports or other valuable and hard-to-replace identification documents. Consider getting certified copies or year to date ytd using one of the application methods listed below, rather than mailing original identification documents to the IRS. To obtain an ITIN, you must complete IRS Form W-7, IRS Application for […]