September 02, 2020
Charles Lutwidge
Non-Manufacturing Overhead Costs
Non-manufacturing overhead costs, also simply referred to as non-manufacturing costs, are costs not related to production. comes from. You might also see them known as period costs. They are divided into categories known as Selling or General and Administrative. Companies...
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September 01, 2020
Charles Lutwidge
TOA Global Accounting Services Review
Accounting and bookkeeping are the most crucial functions in both small and large businesses. In this review, we will tell you about one of the options you have for your bookkeeping and accounting tasks – outsourcing them to TOA Global...
September 01, 2020
Charles Lutwidge
The Meaning and Benefits of 501 (c3) for Donors and Organization
501 c3 Definition There are many kinds of tax-exempt organizations, however, the 501c3 is the most common. It is the United States legal code number that creates space for federally tax-exempt charities. Charities are typically nonprofits that have fundraising events...
September 01, 2020
Charles Lutwidge
A Closer Look at Forensic Accounting
The term forensic accountant was first used in 1946 by Maurice Peloubet, who wished to recognize and celebrate IRS special agent Frank J who led to the takedown of the famous gangster Al Capone. What is Forensic Accounting? Forensics is...
September 01, 2020
Charles Lutwidge
Job Costing Basics
In some companies, like a design studio, auditing firm, consulting business, or custom furniture manufacturer, every job is different. It is, therefore, necessary to estimate the cost of each individual job. This is in contrast to companies with products that...
September 01, 2020
Charles Lutwidge
Project Accounting
How important is accounting in a business? Do you own a construction, manufacturing, or any other project-based company and wonder if you hired the wrong bookkeeper? The only way to start right is to make sure you bookkeeping us set...
August 31, 2020
Charles Lutwidge
Work-in-Process Inventory
A merchandising firm just buys inventory and then sells inventory that is already put together. A manufacturing firm, on the other hand, has a completely different accounting process for its inventory. Work-in-process inventory, sometimes called work-in-progress inventory or simply WIP,...
August 31, 2020
Charles Lutwidge
Unrestricted Net Assets in Nonprofits
Net Assets Defined Accounting in for profit business and nonprofit organization slightly differs. The experience in a for profit world does not always translate to the nonprofit world, where many don’t have as much experience. One of the things that...
