How do you calculate the payroll accrual?

Determining every employee’s payroll accrual without the help of professional software tends to be a long, tedious process. Each employee’s accrual is likely to be different from that of their colleagues, and could potentially change from pay period to pay period. As a result, tracking the benefits portion of payroll accrual can be complicated, so…(Continue Reading)

Sum of the years’ digits depreciation definition

Therefore, it can be said that SYD provides a realistic depreciation expense since the method acknowledges that assets are typically more productive and valuable in their early years. Depreciation is carried out for tangible assets which are the physical assets. A company acquires these assets to increase productivity and raise the overall performance of the…(Continue Reading)

Applied Overhead Versus Actual Overhead

By analyzing how costs are assigned to certain products or projects, management teams can make better-informed capital budgeting and financial-related operations decisions. In turn, with better analytics, management can achieve better capital use efficiency and return on invested capital, thereby increasing business valuation. This journal entry will remove the remaining balance of $500 in…(Continue Reading)

CPA at Your Service in New York, NY Johan Tax and Accounting LLC

Marcum provides auditing, accounting and financial reporting services to a broad spectrum of governmental entities. Marcum works with clients to help develop solutions to significant business issues and manage the business risks. These are the accounting firms in NYC that have developed an outstanding reputation, allowing them to stand out among the most extensive competition…(Continue Reading)