Online Accounting Software Cloud Accounting

The software makes it easy to pay bills, claim expenses, accept payments, track projects, manage contracts, store files and more. With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet...

What is Unbilled Revenue?

This occurs when there are invoice generation delays or recurring payment is received prior to the invoice being sent. At risk work occurs when your company begins to perform on a project without a signed contract or before the actual start date of the contract....

The difference between job costing and process costing

Other times, all the frame needs is additional glue for a corner piece. By understanding all of the actual costs required to deliver your products or services, you know exactly where you stand financially so you can be confident in your pricing and profit generation....

Top 5 Differences between Cost Center and Profit Center

The resources allocated to profit centers are intended to enable them to make strategic decisions, set prices, and manage costs to maximize revenue and profitability. On the other hand, revenue generation is a primary objective for profit centers, as their main focus...

Horizontal Analysis of Financial Statements

In analyzing the income statements of a retail company, an analyst notices steady annual growth in revenue over the past five years. By performing a horizontal analysis, the analyst calculates year-over-year revenue growth rates, observing a consistent upward trend....