Insightful Accountant
SEPTEMBER 3, 2023
Intuit had a very strong fourth quarter, ending the year with momentum by growing total revenue to $14.4-billion, up 13% year-over-year. Their Small Business & Self-Employed Group revenue grew 24%.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Cost Accounting Fundamentals Financial Analysis What is a Sunk Cost? A sunk cost is a cost that an entity has incurred, and which it can no longer recover. Sunk costs should not be considered when making the decision to continue investing in an ongoing project, since these costs cannot be recovered. Instead, only relevant costs should be considered.
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Insightful Accountant
SEPTEMBER 3, 2023
Based on the most recent Intuit QuickBooks Small Business Index, small businesses with one to nine employees in the US created 76,700 jobs in August, 2023, an increase of 0.59% over July.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Auditing Construction Contractors Construction Accounting Real Estate Accounting How to Account for Construction Construction accounting is a form of project accounting in which costs are assigned to specific contracts. A separate job is set up in the accounting system for each construction project, and costs are assigned to the project by coding costs to the unique job number as the costs are incurred.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
finout
SEPTEMBER 3, 2023
With recent discussions about Snowflake's skyrocketing costs and Instacart's viral IPO report , which revealed they spend more than $50M annually on Snowflake, we believe it's the perfect time to update our Snowflake optimization guide.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accountants' Guidebook Bookkeeping Guidebook What is a Sales Allowance? A sales allowance is a reduction in the price charged by a seller, due to a problem with the sold product or service, such as a quality problem, a short shipment, or an incorrect price. Thus, the sales allowance is created after the initial billing to the buyer, but before the buyer pays the seller.
Financial Ops World brings together the best financial operations content from the widest variety of thought leaders.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Effective Sales Management What is a Sales Discount? A sales discount is a reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. This approach is commonly used when a seller is in immediate need of cash. The inherent interest rate associated with a sales discount offer can be quite high, so more established organizations tend not to offer it to their customers.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accounting for Inventory Cost Accounting Fundamentals What is Scrap? Scrap is the excess unusable material that is left over after a product has been manufactured. This residual amount has minimal value, and is usually sold off for its material content. A business can reduce the amount of scrap that it generates by exercising great care in setting up production equipment, buying raw materials of adequate quality, and training employees in the proper use of production equipment.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Corporate Finance Treasurer's Guidebook What is a Security? A security is a financial instrument issued by a business entity or government, which gives the buyer the right to either interest payments or a share of the earnings of the issuer. Securities form a key part of the financial structure of an economy. Examples of securities are stocks , bonds , options , and warrants.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accounting Controls Guidebook Accounting Procedures Guidebook New Controller Guidebook What is Online Processing? Online processing is the ongoing entry of transactions into a computer system in real time. The opposite of this system is batch processing, where transactions are allowed to pile up in a stack of documents, and are entered into the computer system in a batch.
Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence
In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Auditing Nonprofit Entities Nonprofit Accounting What is a Permanent Endowment? A permanent endowment is a fund that has been established to provide a long-term source of income, usually for a non-profit entity. The intent is for the funds to be held in perpetuity, where only the income from the funds can be used. The underlying funds are typically the result of a grant or gift.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accounting for Stock-Based Compensation What is a Performance Condition? A performance condition is any situation that can alter the exercisability or vesting of an equity -based award, or other factors that impact the award's fair value. A performance condition relates to either the time period over which an employee provides services, or the completion of a targeted performance goal.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Quality Management Fundamentals What is Total Quality Control? Total quality control is a broad-ranging set of techniques that are employed to minimize errors throughout an organization. By doing so, an organization can greatly improve both its profits and customer satisfaction. It requires the involvement of employees across the organization who are empowered to make changes.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Corporate Finance Treasurer's Guidebook What is Non-Recourse Financing? Non-recourse financing is a lending arrangement in which the lender cannot access the borrower 's assets in order to obtain payment, other than any designated collateral. An example of non-recourse financing is a mortgage , where the lender can only sell the underlying home to obtain repayment of the loan.
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Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accounting for Freight What is Transportation-In? Transportation-in is the freight cost incurred by the buyer to have purchased goods delivered. This cost classification can include freight insurance costs and customs duties. Transportation-in can be assigned to the cost of inventory , which means that it will not be charged to expense until the related inventory is sold to a third party.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Accounting for Freight What is Transportation-Out? Transportation-out is the freight cost incurred by a seller to ship goods to its customers. This cost is charged to expense as incurred. Some or all of this cost may be offset by freight billings charged to customers, unless the seller is offering free delivery to its customers.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Operations Management What is Theoretical Capacity? Theoretical capacity is the amount of throughput that could be attained if a production facility were able to produce at its peak efficiency level with no downtime. Theoretical capacity should not be used for planning or bonus compensation purposes, since it is nearly impossible to attain in practice.
Accounting Tools
SEPTEMBER 3, 2023
Related Courses Governmental Accounting Investing Guidebook Treasurer's Guidebook What is a Tax Anticipation Bill? A tax anticipation bill is a short-term United States Treasury note that sells at a discount to its face value. The note is then redeemed by the government at its face value on its maturity date. An investor uses the proceeds to pay down an income tax liability.
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