Bookkeeping

To calculate the amount of GST on GST-inclusive goods and services, you’ll need to divide the amount by 11. The main mistake most people can make in calculating the net price of goods is to simply minus 10% from the total price. The Australia GST Calculator will provide a table which specifies the product/service price, […]

Sole traders who provide taxi or limousine services, need to register for GST regardless of their income level. To calculate the cost including GST, multiply the price excluding GST by 1.1, and to find the GST amount divide the price including GST by 11. The calculator provided on money.com.au is intended for informational and illustrative purposes

In simpler terms, direct labor costs are the payments to the workers doing the hands-on work, while manufacturing overhead costs are the behind-the-scenes expenses that keep the entire production process going. Both are essential components of conversion costs, giving a complete picture of the money spent to transform raw materials into finished products. In a

If the business is focused on the intensive conversion of raw materials to products, then conversion costs can give better results. In contrast, if the business regularly invests a big chunk of its expense on raw materials, Prime costs can provide a better overview. Both provide an overview of the company’s expenses that affect the

Bill is working on refinancing his current loans with a new bank, so he has to prepare a multiple step income statement with a detailed operating section. When managed correctly, increasing operating profit can be a helpful way to grow a company’s bottom line. Each of these metrics shows a profit at different moments of

However, NOI is a before-income-tax figure on a property’s income and cash flow statement, that excludes principal and interest payments on loans, capital expenditures, depreciation, and amortization. Selling and administrative expense budget The costs of selling a product are closely related to the sales forecast. Managers must also estimate other expenses such as interest expense,

A downside of Pilot is that the main way to communicate with finance experts is via email, which can make it harder to get quick replies. You also can’t pay on a month-to-month basis, unlike a few others on our list. Professional bookkeepers make sure your tax documents are organized, your deductions are maximized, and

Courtney joined ProLedge Inc. in 2011 and soon became VP of Operations. She provides administrative, technology, and client related support for the entire Proledge team. Our professionals will monitor your company’s invoices and their collection. Our flexible packages cater to your business size and needs, ensuring you get the best value with no hidden fees.