Category: Bookkeeping
How to Adjust Payroll Liabilities in QuickBooks Explained Scott M Aber, CPA PC
In this article, we will guide you through the steps to adjust payroll liabilities in QuickBooks Online, providing you with two options to choose from. Whether you prefer using the […]
How to Calculate Sales Commission: A Quick 4-Step Guide
The calculator will also show you what happens to the base price when you either add or subtract the commission to/from it (depending on who covers the commission — the […]
FIFO vs LIFO Inventory Valuation
In other words, the newest inventory is sold before the older inventory. Typical economic situations involve inflationary markets and rising prices. The oldest costs will theoretically be priced lower than […]
What is Days Inventory Outstanding DIO? DIO Formula
John’s Pharmacy wants to calculate its DIO for the last financial year. The beginning inventory value was $100,000 and the ending inventory value was $200,000. This means the average inventory […]