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Perpetual Inventory Systems

So the inventory left at the end of the period is the most recently purchased or produced. When you sell products in a perpetual inventory system, the expense account increases and grows the costs of sales. Also called the cost

Compound Interest: The 8th Wonder of the World by Bryan Melvin Financial Fluency

A criticism of Dave Ramsey’s form 2553 approach to financial advice is dismissed without consideration; after all, he’s the successful author. He didn’t like the militaristic nature of his schools, where pupils were not encouraged to ask questions, and learning

Connect your Amazon Business account to QuickBooks Online

Plug into apps you already use for seamless integration. The QuickBooks Online mobile companion apps work with iPhone®, iPad®, and AndroidTM phones and tablets. Iconis Group is another example—a bookkeeping firm benefitting from the integration. Availability may be subject to

What is Adjusted Gross Income AGI and Modified Adjusted Gross Income MAGI?

Student loan interest is interest paid during the year on a qualified student loan. The student loan interest deduction is another adjustment to your AGI. The maximum deduction you can claim is $2,500 this year – but it’s limited by

The 10 Benefits Of Cloud Accounting And Its Advantages

Cloud accounting refers to a computer program that outsources its data storage and general computations to an external system or network. Desktop users download software onto individual computers and are required to use those computers to update financial information. Today,

Average Cost of Tax Prep for Small Businesses & Other Tax Facts

It is best to present them with well-organized records to increase your chance of getting fair rates. When it comes to buying a service, I want you to save money just as much as you do. But when you hire

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