It is prepared when there is a reduction in the value of assets due to wear and tear continuous use or when we expect that a certain percentage of accounts receivable will not be received. Fixed assets like plants &…

One thing to keep in mind is, if you have non-exempt workers, you’ll need to keep track of their contra asset account overtime hours. The Fair Labor Standards Act mandates overtime is paid at a time-and-a-half rate for any hours…

One thing to keep in mind is, if you have non-exempt workers, you’ll need to keep track of their contra asset account overtime hours. The Fair Labor Standards Act mandates overtime is paid at a time-and-a-half rate for any hours…

Net Income, also known as the bottom line, is the company’s total earnings after all expenses, including interest and taxes, have been deducted from revenue. Revenue, or sales, is the total amount of money a company generates from selling its…

While it may be a bit more expensive than some of its competitors, especially if you sign up for one of its higher tiers, the value it adds for employee management can outweigh the increased cost. You must be signed…