However, to gain a comprehensive view of a company’s overall performance, it is essential to consider other ratios as well, each of which evaluates various aspects of the business. Sometimes investors also want to see how companies use more specific assets like fixed assets and current assets. The fixed asset turnover ratio and the working capital ratio are turnover ratios similar to the asset...
Bookkeeping
Your local Partner Manager can guide you through getting started, how to create efficiencies in your practice as well as keep you across the latest news. Click Your Books in the navigation bar on the left side of the screen to manage your own firm’s books and payroll. You get a free subscription to QuickBooks Online with Payroll to manage your own company when you sign up with QuickBooks...
This method allocates fixed manufacturing overhead to each unit produced, which can distort the actual cost per unit, especially if production levels fluctuate significantly. In absorption costing, fixed costs such as rent, salaries, and utilities are allocated to products along with variable costs. This allocation is based on a predetermined rate, often driven by the normal capacity of production...
The standard mileage rate tends to change a little annually because it's indexed to inflation. So if you take that same client to dinner and order a $100 bottle of bourbon to enjoy with the meal instead of giving them the bottle as a gift, your deduction doubles from $25 to $50—half the purchase price. And you can deduct half the cost of the meal and the tip, too. For example, textbooks and teaching...