Bookkeeping

In standard costing, how is the purchase price variance reclassified to arrive at actual cost?

For manufacturing companies, it’s crucial to use purchase price variance (PPV) forecasting. This tool helps organizations see how changing raw material prices affect future Cost of Goods Sold (COGS) and Gross Margin. A positive variance means the company spent more than it expected to, which can result in financial losses. Purchase Price Variance or PPV …

In standard costing, how is the purchase price variance reclassified to arrive at actual cost? Devamı »

Real Estate Accounting: A Complete Guide for 2024

To find a QuickBooks Online Accountant and learn their pricing, visit the Find a ProAdvisor website and input your zip code. On the next page, use the drop-down to select “Real Estate/Developer” for the industry you serve. Also filter results by services provided (accounting, payroll or bookkeeping, for example). According to the IRS, most real estate …

Real Estate Accounting: A Complete Guide for 2024 Devamı »