Category Archives: Bookkeeping

Job Order Costing Guide of How to Calculate Job Order Costs

For example, the oil and coolant used in the paper-making machinery to keep it running and cooled during the production process would be an indirect cost. The manufacturing overhead rate is a rate that allocates overhead costs to the production of a good or service based on an allocation formula. In job order cost production, the costs can be directly traced to the job, […]

Accounting Journal Entries Examples

This column details the account titles and an explanation of the transaction that has been made. The description column on the general journal is used to enter the names of the accounts involved in the transaction. https://www.simple-accounting.org/ The general journal transaction entries always begin with a statement of the date that the transaction took place. […]

Declining Balance Method: What It Is, Depreciation Formula

You place the property in service in the business or income-producing activity on the date of the change. You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. You stop depreciating property either when you have fully recovered your cost […]

Declining Balance Method: What It Is, Depreciation Formula

You place the property in service in the business or income-producing activity on the date of the change. You begin to depreciate your property when you place it in service for use in your trade or business or for the production of income. You stop depreciating property either when you have fully recovered your cost […]

Oregon Offers Free Electronic Filing Option for State Income Taxes

Though Oregon tax law is no longer explicitly racist, it continues to entrench and even deepen racial disparities that are the result of past and present policy choices. If you want to cut taxes in Oregon, a simple majority of the Oregon legislature suffices. If you want to create a new tax giveaway for the well-off or a new […]

Defined-Benefit Plan: Rise, Fall, and Complexities

Yes; the benefit will decrease to accommodate a projected benefit for your survivor. That’s because the defined benefit plan will extend what’s already been saved over a longer period to provide those benefits. Investment decision-making—A pension plan must, under ERISA, invest prudently, and the risk of investment underperformance is borne by the employer. Pension investment […]

Kanban What Is it? Lean Enterprise Institute

The ideas and best practices here are a peppering of my personal experiences, research, and conversations I had with with Zach Nies, Keith Nottinson, and Jim Benson. Kanban has come a long way from its origins in lean manufacturing thanks to a small but mighty group of kanban enthusiasts. Documenting and defining processes involves outlining […]

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