COGS is often the second line item appearing on the income statement, coming right after sales revenue. Since prices tend to go up over time, a company that uses the FIFO method will sell its least expensive products first, which…
The Eye on Corruption (EoC) project in collaboration with Action for Transparency (A4T) recently organised a two-day training for leading investigative journalists. This training was aimed at improving knowledge and building capacity on reporting on suspected corruption in Kenya. The…
The first ever COVID-19 Virtual Hackathon took place in Kenya in mid-February. A group of young creative Kenyan techies competed to develop the best way to visualise data on the COVID-19 Aid Tracker. The Aid Tracker is developed to track…
The long-term health risks of drinking include liver and heart disease, a weakened immune system and several types of cancer. Studies have also shown that drinking large quantities of alcohol in one sitting or even a single drink a day…
These enhanced disclosures aim to give stakeholders a clearer understanding of a company’s revenue streams and the judgments involved in recognizing revenue. Revenue recognition methods vary depending on the nature of the business and the specifics of the transactions involved.…
While single-entry bookkeeping is simpler, double-entry is more thorough and less likely to produce errors. Volunteers may incur out-of-pocket expenses on behalf of your congregation. Substantiation from your congregation is required if a volunteer claims a deduction for unreimbursed expenses…
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Using mobile apps to manage payroll out of the office is a necessity for many business owners. Those that are considered good are designed to provide payroll services that help employers pay their staff accurately and on time and avoid…
It has all the benefits of marijuana without the high,” she told Us Weekly in 2019. Cannabis-derived CBD products are illegal on the federal level but are legal under some state laws. Hemp-derived CBD products (with less than 0.3% THC)…
Moreover, with each of these service types, you’ll receive U.S.-based support and a platform with which to communicate with the Bookkeeper360 team, making its service not only expansive but accessible. If you need to be able to accept credit card…