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How to audit account payable (AP) easily

How to audit account/trade payable (AP) easily Accounts payable (trade payable) occurred when companies purchased goods, products or services on credit from their suppliers. Companies need to control tight accounts payable to avoid fraud or error. There may be the following mistakes that may incur: Company repaid suppliers some amounts but we recorded incorrectly. For example, payments of $2,000 are

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How to audit account receivable easily

How to audit account receivable easily Accounts receivables occurred when company sells goods, products or services on credit to their customers. Companies need to control tight accounts receivables to avoid fraud or error. In some cases, there may be the following mistakes that may incur: Customers repaid their accounts receivable but we recorded incorrectly. For example, payments of $1,000 are

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Break Event Point for Service Company

Break Event Point for Service Company Break Even Point (BEP) is point that make company get zero profit. Zero profit makes revenues equal expense. BEP is important because managers want to know how many quantities that company must sell to avoid loss. We usually see Break-even point (BEP) used for calculating products or goods, but we rare see BEP used

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Break-even point (BEP) for very similar selling price and variable cost products

Break-even point (BEP) for very similar selling price and variable cost products Break-even point (BEP) is point (unit or dollar) that makes company gets zero profit. It means that revenue equals expense, and expenses include total variable costs and total fixed costs. Break-even point (BEP) can be found for single product (company sells only one product) or multiple products (company

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Chart of Account for Merchandising or Import and Export Company

Chart of Account for Merchandising or Import and Export Company Chart of Account is important process to record financial transactions and show financial statements. Below are charts of account for merchandising or import and export company. Chart of Account for Income Statement INCOME Sale Income Sale-Cars Sale- Computers Sale –Other items Sale Discount COST OF GOODS SOLD COGS -Cars COGS

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17 Ways To Eliminate Stress At Workplace

While some workplace stress is normal, excessive stress can interfere with your productivity and performance, impact your physical and emotional health, and affect your relationships and home life. You can’t control everything in your work environment, but that doesn’t mean you’re powerless You can’t always avoid the tensions that occur on the job. Yet you can take steps to manage

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Job Description and Requirement for Accountant

Job Duties and Description for Accountant Job description is important for management who will assign tasks or any responsibilities to their subordinates. Clear job description will make work more effective and efficiency and reduce complexity of job. In practice, HR department and head of each department will discuss and corporate to make job description for their staffs. Job duties and

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