Expenses Tag

As year end approaches, it is a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S. Generally Accepted Accounting Principles (GAAP). Strict observance of these rules is generally the safest approach. The...

Accurate overhead allocations are essential to understanding financial performance and making informed pricing decisions. Here is guidance on how to estimate overhead rates to allocate these indirect costs to your products and how to adjust for variances that may occur. What is included in overhead? Overhead costs...

Custom jobs require ongoing supervision to achieve the best financial results. Whether you are a general contractor constructing a strip mall, a manufacturer building made-to-order parts, or an architect drawing up blueprints, once a project is underway it is easy to focus on getting the...