General information on business and personal accounting.
The government has proposed a cap of 401k accounts of $3 million. They state that this tax money could help them better run their government programs and this is more than enough for someone to live off of in retirement. However, this cap could have many negative outcomes.
Are you looking for some expert advice to help you with your retail accounting? Browse this guide of tips, techniques and resources from the Bright Hub library of general accounting tips.
How much does it cost to make the product or service you sell? Do you know how to determine overhead, labor and raw materials costs? What about analyzing the financial statements where these numbers appear? To aid you, we’ve gathered a list of articles on the ins and outs of COGS and COGM!
Inventory is essential to every business and if you don’t understand the various types of inventory methods to determine inventory values and controls your business will fail fast! Here, we challenge you to test your inventory methods IQ!
For business payroll or accounting departments, it’s important to ensure you know all the rules when it comes to payroll, deductions and when overtime pay is due. Take our quick 13 question quiz and test your knowledge.
Accounting can be quite complex but those who love it know the accounting cycle is really a science because all those debits and credits make your books balance. Do you think you know all the ins and outs of accounting journals? If so, take this quick 15 question quiz and test yourself.
Ask any CPA or tax professional and they will tell you the trial balance is the most important financial tool of all when it comes to financial statements. Every debit and credit you post eventually lands in the trial balance and here, Bright Hub offers this informative one-stop guide!
How much do you know about using loss leaders in line with managerial accounting concerns? Loss incurrence when using this strategy is inevitable; hence, business owners and financial managers should determine if the loss is still recoverable and that the strategy being used is legal.
Do you view the accounting professional as little more than a bean counter with a calculator? If this is you, be prepared to lose your business to the taxman and your customers to the competition – or at least the competition smart enough to hire an accountant.
What’s your working capital IQ? Take this quiz to learn how much you know about managing current assets in order to meet all current obligations. The formula for determining the working capital is easy; the tricky part is determining its efficiency to ensure an entity’s safety margin of liquidity.