Category: Bookkeeping

Jami Gong is a Chartered Professional Account and Financial System Consultant. She holds a Masters Degree in Professional Accounting from the University of New South Wales. Her areas of expertise include accounting system and enterprise resource planning implementations, as well as accounting business process improvement and workflow design. Jami has collaborated with clients large and…

If your customers order room service or take stocked items from the minibar, you can add these extras to the final invoice at the end of the stay. Any damages that occurred or stolen items can also be added as additional charges for the customer. M3 is a company of over 250 professionals dedicated to…

The contribution margin represents the revenue required to cover a business’ fixed costs and contribute to its profit. Through the contribution margin calculation, a business can determine the break-even point and where it can begin earning a profit. Break-even analysis involves a calculation of the break-even point (BEP). The break-even point formula divides the total…

If you run a small or mid-sized CPG company, you know that pricing can make or break your sales figures. Consumer packaged goods, or CPGs, are goods used daily by average consumers. Examples are food, beverages, personal care items, and cleaning supplies. They are different from durable goods, such as computers or washing machines, which…

Subtracting them from your assets gives you a rough idea of how much value your business really has to work with. In the example above, accounts payable—typically payments to vendors or contractors—could be considered a short term liability; you’ll probably pay them off each month. Financial advisors, investment gurus, CPAs, and authors of corporate annual…

In this case, we can make the journal entry for the issuance of common stock at par value with the debit of the cash account and the credit of the common stock account. The company charges $150 per share for this issuance, making the overall finance received $150,000. However, the par value of those shares…

Through the PWA affiliation, Berkowitz Pollack Brant can provide clients with a robust view of their finances within the framework of both short- and long-term goals. This firm’s areas of specialization include estate, insurance, investment, and retirement planning. For these reasons, Berkowitz Pollack Brant has dedicated services specifically for delivering ACA consulting. The team is…