Accounting Articles

How Do I Find My Employers Ean

They are not employees of the State of Michigan UIA and they are not required to be attorneys. As a result, the State of Michigan UIA does not dictate or control the decisions and/or actions of the advocates. Keep copies of. Read more

Accounting Principles

Just like revenues, expenses are recognized and recorded when cash is paid. The cash model is acceptable for smaller businesses for which a majority of transactions occur in cash and the use of credit is minimal. For example, a landscape gardener. Read more

How To Estimate Burden

Said another way, burden rate is a way to compare direct and indirect costs. Here the total labor cost is considered as the salary of the staff labor burden cost is calculated as annual taxes and other benefits. Businesses should calculate. Read more

Periodic Inventory System Definition

What differentiates a periodic from a perpetual inventory management system, and which makes the most sense for your company? Periodic inventory is a system of inventory valuation where the business’s inventory and cost of goods sold are not up... Read more

How To Calculate Gross Income Per Month

If the employee worked overtime, make sure to include the overtime hours in the gross pay. Whether it’s an hourly rate or annual rate, the computation depends on the amount that is agreed upon by both the employer and employee. The. Read more

Generally Accepted Accounting Principles

The IFRS rules govern accounting standards in the European Union, as well as in a number of countries in South America and Asia. Anything that affects a company's financial standing is generally considered material, meaning that companies must provid... Read more