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Overhead Cost - How to Calculate

Along with direct materials and direct labor, overheads are also a very important cost element to determine directly to your business’s...

What Is The Current Ratio? Formula and Examples

The current ratio is one of the important indicators when it comes to determining a company’s solvency - the ability to pay its...

Variable Cost - Definition, Example, and Guide to Reduce

Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...

Best Accounting Software for Small Business of 2023

Are you finding the best accounting software that fits your business needs? We’ve rounded up the best accounting software that makes it...

2022 Gift Tax Rate: What It Is, How It Works and Who Has to Pay It

During our lifetime, you always want to give the best things to your beloved ones. And while sending valuable gifts to your spouse,...

What are IOLTA accounts? Common Mistakes To Avoid

Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...

What is the difference between revenue and income?

Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...

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