Fixed selling and administrative costs totaled $50,000, and variable selling and administrative costs amounted to $200 per unit. Contribution margin income statements are useful barometers for businesses to assess whether clear skies are ahead or if they need to prepare for a storm. For instance,… Read More »Contribution Margin Income Statement Explained
Thousands of people have transformed the way they plan their business through our ground-breaking financial forecasting software. Let’s recap which accounts have a Normal Debit Balance and which accounts have a Normal Credit Balance. Then, I’ll give you a couple of ways to remember which… Read More »What is a Normal Balance in Accounting?
As a simple example, imagine you were contracted to paint the four walls of a building. View all your subscriptions together to provide a holistic view of your companies health. An all-in-one company management platform that lets you focus on building your business, not administrative… Read More »Decr Unearned Revenue: What It Means and How to Account for It
In retail accounting, you estimate your inventory’s value rather than calculate it manually. You also assume constant prices, price changes and price change rates across all units of the same item. If you’re a small business looking to understand your inventory value, retail accounting might… Read More »What Is Retail Accounting and How Can Accounting For Retail Business Help You?
The receipts are stored on the cloud, which gives you peace of mind since they’re safe and can be accessed anytime. Wave’s introduction of a second plan on top of its free accounting tool makes it a more scalable solution than its previous one-plan-only structure.… Read More »Wave Accounting Review: Pros, Cons & Key Features 2025
So, you should produce those goods that generate a high contribution margin. As a result, a high contribution margin would help you in covering the fixed costs of your business. Contribution margins are often compared to gross profit margins, but they differ. Gross profit margin… Read More »Contribution Margin Overview, Guide, Fixed Costs, Variable Costs
A bank generates income when the interest it earns from loans exceeds the interest paid on deposits. In the U.S., banks are regulated by multiple agencies, including the Federal Deposit Insurance Corporation (FDIC). Changes in interest rates may affect the volume of certain types of banking… Read More »Interest Income Journal Entry Example
According to Intuit, the platform marks QuickBooks’ entry into the fintech e-commerce category, which has seen significant growth this year due in part to the COVID-19 pandemic. QuickBooks Commerce is based on the QuickBooks accounting system and has been expanded for ecommerce sales. With the… Read More »Smart Tools Better Business.
According to Intuit, the platform marks QuickBooks’ entry into the fintech e-commerce category, which has seen significant growth this year due in part to the COVID-19 pandemic. QuickBooks Commerce is based on the QuickBooks accounting system and has been expanded for ecommerce sales. With the… Read More »Smart Tools Better Business.
Visit the Delaware Division of Corporations’ online portal for filing annual reports. The corporate-friendly climate in Delaware motivates many people to start their business endeavors in the state. If you’re considering forming a Delaware corporation, you need to be familiar with state regulations and requirements,… Read More »Harvard Business Services, Inc