Bookkeeping

Accordingly, Sage does not provide advice per the information included. These articles and related content is not a substitute for the guidance of a lawyer (and especially for questions related to GDPR), tax, or compliance professional. When in doubt, please consult your lawyer tax, or compliance professional for counsel. This

The same holds true when deposits are only partially refunded because of damage or some other reason. The non-refunded portion is an expense for the party that placed the deposit and revenue for the party that collected it. The call deposit also provides the benefits of a savings account through

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Niko is a CFO and a financial advisor who is passionate about solving problems, data analysis, mentoring smart entrepreneurs and bringing clarity and focus in difficult situations. Only

The backlog gets itself when stakeholders drill down into the details of each piece. The roadmap provides context for the prioritized backlog items within the larger strategic objectives and timeline of the overall product roadmap. A backlog is a prioritized list of epics, features, requirements, bugs, and other tasks that

To compute the direct labor quantity variance, subtract the standard cost of direct labor ($48,000) from the actual hours of direct labor at standard rate ($43,200). This math results in a favorable variance of $4,800, indicating that the company saves $4,800 in expenses because its employees work 400 fewer hours

Medical insurance providers are especially likely to require payment in advance. The easiest way to manage prepaid expenses is by using accounting software, which will automatically post a journal entry each month to reduce the balance in your prepaid accounts. But even if you simply use a spreadsheet to calculate

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All other liabilities are classified as long-term liabilities on the balance sheet. Some items can be classified in both categories, such as a loan that’s to be paid back over 2 years. The money owed for the first year is listed under current liabilities, and the rest of the balance

Even a slight mistake or incorrect use can trigger audits and lost revenues. If there are any discrepancies, the biller/provider will enter into an appeal process with the payer. This process is complicated and depends on rules that are specific to payers and to the states in which medical billing

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