Two mathematical expressions are said to be equivalent if they yield the same result upon solving them. Same, selfsame, very, identical, equivalent, equal mean not different or not differing from one another. For example, let’s say we are making a recipe that requires 1/2 cup of butter. So, we can use two 1/4 cups of […]
Variable Costing What Is It, Examples, How To Calculate, Formula
This means that more fixed costs are included in the inventory valuation on the balance sheet. The result is higher net income during periods of production growth and lower net income when production declines. Absorption costing, on the other hand, defers fixed manufacturing costs until inventory is sold, embedding these expenses into the cost of […]
Offitax & Bookkeeping Services Accounting, Bookkeeping, Notary Public, Payroll & Tax Preparation Services
In other words, your tax refund is your money, which you’ve extended to the government in the form of an interest-free loan and are now getting back. The No Tax on Overtime Bill is teetering on the edge of reality in March 2025. For HR leaders, it’s less about “if” and more about “when” and […]
Times Interest Earned Ratio: What It Is and How to Calculate
A company’s financial health depends on the total amount of debt, and the current income (earnings) the firm can generate. The debt service coverage ratio determines if a company can pay all interest and principal payments (also called debt service). The times interest earned ratio (TIE) measures a company’s ability to make interest payments on […]
Times Interest Earned Ratio: What It Is and How to Calculate
Although it’s not racking up debt, it’s not using its income to re-invest back into business development. In other words, the company’s not overextending itself, but it might not be living up to its growth potential. Like any metric, the TIE ratio should be looked at alongside other financial indicators and margins. Investors and creditors […]
How to Calculate Burn Rate: Step-by-Step Formula and Practical Examples
Gross burn rate doesn’t take revenue into account, which is why most companies simply measure net burn rate. While we suggest tracking net burn rate (it’s alway what we report on in Finmark), it’s worth noting the difference between the two. Occasionally, we send you a really good curation of profitable niche ideas, marketing advice, […]
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She is an authorized IRS eFile provider for tax returns and an Annual Filing Season Program certified. She assists clients from a variety of industries, including real estate, construction, and legal industry. Sound Advice Bookkeeping is a company that serves the needs of small, and mid-sized businesses in Denver and the surrounding metros. Accounting & […]
Price-to-Earnings Ratio: Calculation & Uses
The entry criterion for our PE Ratio investing strategy is very simple. In terms of determining which PE ratios qualify as “low”, it might be helpful to look at the PE ratios of others in the same sector. This article will explain what a PE ratio is and how investors might be able to benefit […]
How to number invoices: Learn how to assign invoice numbers
Creating properly formatted invoices with itemized services or products, payment terms, and due dates reflects business credibility. There is also accounting software that can help maintain your invoice numbering system after you decide on an identifier to use. This yearly system allows you to quickly see which year an invoice is issued and follows the […]
Free QuickBooks Tutorials at GCFGlobal
To change the date range or to view one specific payee (for example, vendor), select Filter. Search for something specific or browse hundreds of articles on topics big and small. News, tools, advice and entertaining articles for those running and growing a small business. Learn about the two ways on how to add customers in QuickBooks […]