Bookkeeping for Inventory Transactions

There are three main methods of inventory valuation that companies can choose to use to account for the value of their stock. To accurately calculate and record the valued inventory each year, businesses must select one of these costing methods and stick with it. If you only sold a single item, inventory accounting would be simple, but it’s likely that …

View Post

Calculating Interest Expense: A Step-by-Step Guide

If interest has been accrued but has not yet been paid, it would appear in the “current liabilities” section of the balance sheet. Conversely, if interest has been paid in advance, it would appear in the “current assets” https://mirtortov.ru/instrukciya-po-ekspluatacii-samsung-j5-instrukciya-obsluzhivaniya.html section as a prepaid item. If the same company takes on debt and has an interest cost of $500,000 their new …

View Post

Top 15 Accountants in Tampa, FL March 2024 Reviews

Our firm has expertise in industries including manufacturing, construction, real estate, financial services, healthcare, government, education and retail. At Retanaco Accounting, we work with our clients on a daily basis, understand the needs of their business and liaison with the CPA to provide financials for our client’s tax return. Whether you need bookkeeping services, tax preparation, sales tax compliance services …

View Post