Bookkeeping

Direct costs definition

A fixed direct cost might be the salary of an employee who performs direct labor. Besides indicating cost efficiency, direct cost is also valuable for other functional business areas. Imagine being a product manager and needing to price a new product. Everything You Need To Build Your Accounting Skills You should know what range your …

Direct costs definition Read More »

A guide to outsourced accounting: All you need to know

In fact, the Philippines is one of the most dynamic economies in the East Asia region3, with sound economic fundamentals and a globally recognized competitive workforce. As alluded to in the previous step, outsourcing isn’t a “set it and forget it” solution. As your business changes or grows, continuously assess whether the agreement is continuing …

A guide to outsourced accounting: All you need to know Read More »

What is Deferred Revenue and Why is it a Liability?

To properly account for deferred revenue, businesses must follow specific regulations and guidelines, ensuring that they are compliant with legal, tax, and reporting requirements. Deferred revenue is money that you receive from clients or customers for products or services that you haven’t delivered yet. In accounting, deferred revenue can affect your balance sheet and profit …

What is Deferred Revenue and Why is it a Liability? Read More »

Digital Back-Office Accounting: Benefits, Tools, & More

Our dashboard goes beyond standard reporting—it’s a strategic tool designed to fuel your growth and profitability. QBO is a 100% US-based company that offers revolutionary solutions to the multi-service provider problem. By providing tax, payroll, bill pay, invoicing, cash management, financial reporting.– QBO can do it all for one low monthly fee. Outsourced back office …

Digital Back-Office Accounting: Benefits, Tools, & More Read More »