Bookkeeping

If the software meets the tests above, it may also qualify for the section 179 deduction and the special depreciation allowance, discussed later in chapters 2 and 3. If you … Read more

If the videocassette has a useful life of 1 year or less, you can currently deduct the cost as a business expense. You bought a home and used it as … Read more

Create a map that visualizes where information comes from, where you should be routing it, and what steps it goes through. You can stop there and monitor the various systems, … Read more

Consider an e-commerce company adapting its order processing system to swiftly accommodate a new product line. Automation facilitates personalized marketing campaigns, lead scoring, and bpa business process automation targeted outreach. … Read more

Here are MacroAuto’s accounting records simplified, using positive numbers for increases and negative numbers for decreases instead of debits and credits in order to save room and to get a … Read more

Now that we know the basics of closing entries, in theory, let’s go over the step-by-step process of the entire closing procedure through a practical business example. Keep in mind, … Read more

Lean, with its focus on the speed and efficiency of processes, excels at removing waste and improving flow. Whereas, Six Sigma, is focused on ensuring precision and accuracy, aiming to … Read more

Checksheet – Also referred to as a frequency distribution or frequency distribution analysis. A simple chart used for collecting data over time in many instances to learn where problems occur. … Read more