The HR Professionals Guide to Determining Promotional Increases
Even consistently high performers can have rough periods which might negatively impact a recent performance review. Therefore, identifying true top performers requires gathering data from multiple sources. That’s why tangible rewards are a surefire way to retain top talent and increase employee morale. How to know...
The HR Professionals Guide to Determining Promotional Increases
Even consistently high performers can have rough periods which might negatively impact a recent performance review. Therefore, identifying true top performers requires gathering data from multiple sources. That’s why tangible rewards are a surefire way to retain top talent and increase employee morale. How to know...
Gross sales vs net sales: Key differences and why they matter for your business
If net sales give you more insight into your company's financials, why do you need to keep track of your gross sales? It’s an important metric to understand, because it can give you an overview of how your business is doing. It’s also helpful for...
Calculate Net Realizable Value: NRV Explained with Formula and Example
It’s vital to capture a realistic figure that is neither too optimistic nor too pessimistic, aligning with the conservatism principle in accounting, which prefers understated assets and revenues over the overstatement. This figure is closely tied to the net realizable value method, however, the disadvantages...
Bookkeeping Pricing Guide: Understanding Service Fees
The costs a small business or nonprofit incurs for bookkeeping will depend upon many variables. And in turn, these certifications can increase your expertise (and your pricing). The overall cost depends on various factors, the most important being experience, education, and certifications. Having...
Sales Credit Journal Entry What Is It, Examples, How to Record?
In short, knowing how to record a credit sales journal entry is a fundamental part of managing your business's financial health. By mastering the basics, you'll keep your books accurate and ensure your revenue is tracked correctly. Whether you're selling products or services, precise credit...
Conversion Cost Definition, Formula, How to Calculate?
This is the expense measured by the cost of the finished goods sold during a specific period. This cost refers to the opportunity that is lost or sacrificed when the choice of one course of action requires that an alternative course of action be given...
Outsourced Accounting & Bookkeeping Services Guide
We are impressed with Ignite Spot and our representative's progressivism, who offers superb customer service, knowledge, guidance, dependability, and trust in the services delivered. Bookkeepers charge $19-$24 per hour for their services, averaging $22 per hour. At Ignite Spot, our bookkeeping services are part of our convenient monthly...