All posts in Bookkeeping

Improving your business’s financial picture also includes reducing your tax liability. Our experts have been working with Sacramento businesses for years to strategize and reduce taxes, thus helping business owners save money. Trying to balance bookkeeping and other business tasks can be a challenge. You should recognize the difference between accountancy and accounting to ensure that you would not get …

Ledgers also provide the ability to prepare reports such as balance sheets and cash flow statements which can be used by business owners, managers, and employees for decision-making purposes. A ledger account is a unit of accounting record for summarized transactions for one category. Ledger accounts then combined make up the general ledger of the business. An entry will also …

In the case of fixed costs, these are only calculated if these are required to expand production. Marginal cost is the additional cost that an entity incurs how to calculate marginal cost to produce one extra unit of output. In other words, it is the change in the total production cost with the change in producing one extra unit of …