by meptraining.in | Aug 17, 2024 | Bookkeeping
A negative gross profit means we’re selling products at a loss. We can pull this number from your income statement (also known as the profit and loss statement). Net profit is calculated using gross profit as a starting point, then subtracting all remaining expenses....
by meptraining.in | May 11, 2024 | Bookkeeping
For example, if a business is considering launching a new product, they may compare sales projections for the new product to sales projections for existing products. Businesses should look for areas where the data differs significantly, as these may indicate areas...
by meptraining.in | Nov 25, 2021 | Bookkeeping
“Kim Johnson and Accountants on the Go have helped my company with my payroll, taxes and many tax questions. The whole team is very helpful and professional, and always has time to answer my questions. Our comprehensive list of services has a solution for all of your...
by meptraining.in | Oct 5, 2021 | Bookkeeping
Amortization is used to record the declining value of intangible assets such as patents. Depreciation is used to record the declining value of what is employee expense reimbursement and how does it work buildings and equipment over time. An example of this is assets...
