If the benefits greatly outweigh the costs, the decision should go ahead; otherwise, it should probably not. Cost-benefit analysis will also include the opportunity costs of missed or skipped projects. A CBA is the process of comparing the costs of a project to the benefits generated from it and determining if a business should invest […]
If you personally also hire independent contractors or freelancers – like a copywriter to write marketing material or a photographer for product image – their fees may be tax-deductible. Whether you hire an accountant to handle your tax preparation or a lawyer to draft contracts, these costs are deductible. Getting expert help ensures compliance and […]
Companies with high debt might prioritize loan repayments over dividends, while those with lower debt levels are often in a better position to return capital to shareholders. All these ratios are complementary, and their use and interpretation should consider the context of the company and the industry it operates in. Other obligations to include in […]
In fact, I would argue that technology is transforming accounting—and in an equally exciting way, accounting is transforming technology. There’s no question that digital transformation has radically changed the playing field. Big data has become a rich resource that needs to be tapped to compete effectively. But for businesses ready to leverage the potential of […]
In a standard costing system, the direct materials price variance is recorded to reconcile the difference between actual spending and standard expectations for materials. 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. Once variances are identified, it’s […]
If accountancy is the right career path for you, ACCA is the qualification that will get you where you want to go. When you choose finance and accountancy, you’ll be in demand – and doors to respected, hugely rewarding career opportunities will open for you. Accountant websites designed by Build Your Firm, providers of CPA […]
The factoring company takes on more risk with nonrecourse factoring, so rates tend to be higher — and advance rates may be lower. You’ll sell the invoices to your factoring company, which offers an 80% advance rate with a 3% factoring fee. Learn how accounts receivable factoring can improve cash flow by converting unpaid invoices […]
The main thing that comes to mind is how simple they make processing payroll. You could be doing more with your payroll system—and your payroll could be doing more for you. Get faster, easier payroll that provides insights, improves compliance, and drives toward comprehensive HCM. Click through our self-guided demo to see how much simpler […]