LIFO Last In First Out: Understanding Its Application in Inventory Management
Example of the First-in, First-out Method The first thing we need to calculate is the units of ending inventory. As inventory is sold, the basis for those item...
Category: Bookkeeping
Oregon Form OR-40 Instructions Individual Income Tax Return Instructions for Full-year Residents
As mentioned above, these are pre-tax contributions, so not only do they help you save for the future, they also save you money on your taxes now. The standard...
Choosing The Best CPA For a Startup: 5 Criteria
Proper accounting for your startup business can save you from being subjected to an IRS audit or an audit from your state taxing agency. Tax compliance is a co...
Bookkeeping and Accounting Tips for Insurance Agencies 2024 Latest
Most P&C agencies receive monthly commission statements in the mail each month or they can access the commission data online from the insurance company’s w...