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Disposition of Over- and Under- Applied/Absorbed Overhead

Manufacturing overhead costs are direct labors, direct materials and direct expenses, such as electricity used in the factory, depreciation of the machinery, supplies used in the manufacturing process, etc. These costs are based on a predetermined overhead rate. The total rate gets divided by the total number of machine hours which are most likely determined […]

Relevance of a business accounting system

According to Zimmerman (2016), “an accounting system is very much a part of the fabric that helps hold the organization together” (p.4).  Why? Because it provides the business with the information necessary to make sound business decisions.  Such decisions are, what is the business’ net worth, unusual expense categories and opportunities to reduce costs, how […]

How to Use Memorized Transactions in QuickBooks

Tired of repetitive data entry? QuickBooks provides a way to save time and keystrokes when you create some transactions. We wrote last month about the benefits of having QuickBooks on your desktop. Among those we listed are three that have impact on every business that uses it. QuickBooks helps you: Save time. Save money. Minimize […]

Leadership and the Learning Organization

Leadership and the Learning Organization Quite often people wonder what makes a good leader. When I was an employee working for the most part, for large and medium-sized companies, I was exposed to different management styles and personalities. Along the way, I realized that the concept of leadership can be complex, that individuals could be taught […]

2018 Tax Highlights

Why QuickBooks Should Be on Your Desktop

You know about QuickBooks but you’re still hesitating. Here’s why you should make the transition. Even if you’re a very small business, you’re at a competitive disadvantage if you’re still doing your accounting manually. You might be doing okay using Microsoft Word for invoices and records and Excel for reports. But many of your rivals […]

Polish Your Image: Customize QuickBooks’ Forms

The invoices and other forms you send to customers and vendors should reflect your company’s attention to detail, accuracy, and consistency. Every opportunity you have to interact with your customers and vendors is critical. Whether it’s a phone call, an in-person connection, or an email, how you present yourself reveals a lot about you. Are […]