Bookkeeping

How a General Ledger Works With Double-Entry Accounting Along With Examples

By entering transactions properly, your financial statements will always be in balance. While this may have been sufficient in the beginning, if you plan on growing your business, you should probably move to using accounting software and double-entry accounting. WhenRead More

Cost of Goods Sold COGS Explained With Methods to Calculate It

In A/R, the sales order line is billed and all of the revenue is recognized. When the items are shipped, the full value of the shipment is booked to the deferred COGS account. While our 40% margin is standard forRead More

What is Public Accounting? Definition, examples and services

One of the things I really like about accounting is that there are many different jobs available. I decided that I wanted to start my career in public accounting in order to learn a lot in a short period ofRead More

Social Security Rises In 2024, Offset By Inflation And Medicare

"If you are laid off, find a part-time or lower-wage job, even if it's temporary. Your earnings will likely count toward your future benefit and will prevent a zero from being used in the calculation." The maximum Social Security benefitRead More

Accounting Standard 2: Valuation of Inventories

The value of a growing perpetuity is calculated by dividing cash flow by the cost of capital minus the growth rate. The company also had around $3.5 billion in cash in its accounts, giving Tesla an enterprise value of approximatelyRead More

TOTAL MANUFACTURING COST: How To Calculate It

The Cost of Goods Sold or COGS is the cost of only the finished products that were sold during a given period. It’s one of the most important rows on the income statement and enables finding a company’s gross profitRead More

NerdWallets Best Accounting Software for Amazon FBA Sellers

With the platform, users are able to obtain information on their financial reports every month, such as expenses and sales. Also, other reports, including profit margin, inventory, and taxes, are included. One of the best accounting tools for starters orRead More

ABOUT US meru

We are a diverse team of top industry experts and turnaround, transformation and performance improvement professionals who know how to deliver successful outcomes in complex situations. Our complementary backgrounds and experience allow us to structure bespoke solutions for our clients,Read More

What Is a Bank Reconciliation Statement, and How Is It Done?

TallyPrime‘s auto bank reconciliation will minimize the time spent and the risk of errors during bank reconciliation. Auto bank reconciliation in TallyPrime provides a simple and no-frills method of reconciling your company bank books with the bank statement. Due toRead More

20 Best Accounts Receivable Software in 2023

An EIPP platform provides dashboards and reporting to improve cash position forecasting, as well as insight to support more effective collections management. Our all-in-one cash flow management & banking solution helps businesses scale quickly. Data drives decisions, decisions drive actions,Read More