Keeping on top of your bank reconciliation ensures that you’re always aware of your company’s financial situation. This helps you anticipate any cash flow challenges so you can respond appropriately. Financial accuracy is also important for ensuring that all payments have been fulfilled and orders have been completed. Outstanding checks are those that have been […]

For example, in a 2-for-1 stock split, the share price is halved, but the outstanding shares double, improving affordability and attracting a broader investor base. The number of outstanding shares influences market capitalization, a critical metric for valuing companies. Investors use outstanding shares to gauge a company’s size and compare it with peers. A significant […]

Engineering firms must comply with industry-specific regulations, such as those related to safety and environmental impact. Outsourcing compliance tasks can ensure adherence to these regulations while freeing time for other critical business activities. Outsourcing payroll services can save you time and resources, as well as ensure accuracy and compliance with tax laws. Service providers can […]

The products that consume the same labor/machine hour will have the same cost of overhead. Absorption costing is the accounting method that allocates manufacturing costs based on a predetermined rate that is called the absorption rate. It helps company to calculate cost of goods sold and inventory at the end of accounting period. The absorbed-cost […]