Work In Process WIP Inventory: Everything You Should Know

You learn what goes into the production cost and how to calculate it at the end of the accounting period. Cloud-based inventory management software offers flexibility and accessibility. These systems allow businesses to manage WIP inventory from anywhere with an internet connection. Features like real-time updates, demand forecasting, and automated reporting make cloud-based solutions invaluable … Devamını oku…

Are Undeposited Funds Considered Cash? Understanding The Accounting Implications

You may have selected “Group with Other Undeposited Funds” on a Sales Receipt. Basically, you are changing the Deposit To selection from “Group with Other Undeposited Funds” to a bank account. That wipes out (zeros) the Undeposited Funds and increases your bank account balance. Small Businesses While they represent a source of income and are … Devamını oku…

How to Get a QuickBooks Certification

It continued to run even if I closed the tabs, so I had to dedicate a couple of hours to complete the exam in one sitting. Note that if you run out of time, all the attempted questions will be automatically submitted. QuickBooks then displayed an assessment summary, showing the number of sections included, the … Devamını oku…