Brandon Simmons

But sometimes, dissimilar transactions are important to consider together within a ledger. The credit balance in Accumulated Depreciation means that the cost of the property, plant and equipment will continue to be reported. When you establish an inventory reserve, you have already charged your expense account. If the reserve balance Read more…

Still, ultimately, the decision to provide funding rests with the agency. Fixed costs are business expenses that remain constant regardless of the business activity. For example, the manager’s salary is fixed and has to be paid irrespective of the business activity. Conversion costs are the expenses (direct and indirect) that Read more…

Accounts Payable (A/P) Contact is an important role in a business, managing all of the organizational reports related to accounts payable activities. As an A/P contact, you’ll be responsible for maintaining accurate records and processing payments to vendors as well as reconciling accounts with suppliers. Additionally, you’ll need to stay Read more…