Bookkeeping

Even though sole proprietorships and small private companies are not legally required to prepare balance sheets, it is highly beneficial for them to do so. Check out our balance sheet software to simplify your financial analysis. There’s a risk that someone with access to your balance sheets may manipulate the numbers to make the business […]

If you lease equipment to use in your business, that equipment is considered used in an income-producing activity. The percentage of the asset cost that can be deducted as Bonus Depreciation varies from year to year. It was 100% for assets placed in service from 2018 to 2022, can you depreciate leased equipment and it

Eurest is proud to serve the world’s most respected and successful corporations, including many of the Fortune 500. Foodbuy is the nation’s largest purchasing company and supports Compass Group’s culinary needs with procurement services that track today’s activity and tomorrow’s opportunity. Our powerful reporting tools and supply chain management allows Compass Group to serve our

Batch-level activities occur every time a batch is produced and are more accurately measured. For example, consider a manufacturing company that produces different types of furniture. The setup time required to switch between producing different furniture items is a batch level activity. By identifying this activity and tracking the time and resources spent on it,

This includes verifying that transactions are recorded at the correct amounts and that any necessary adjustments, such as depreciation or impairment, have been made. Auditors test this assertion by reviewing the methods and assumptions used by management to value assets and liabilities, as well as by performing recalculations and analytical procedures. For example, they might

It is required in preparing reports for financial statements and stock valuation purposes. Variance analysis helps management identify areas where performance deviates from expectations, enabling corrective actions to improve efficiency and cost control. (b) Each component of the product should bear its own share of the total cost. Another way of calculating the marginal cost