by Odiono | Mar 3, 2022 | Bookkeeping
However, the Fair Labor Standards Act protects residents in these states with the federal minimum wage. In states where the minimum wage is less than $7.25, residents are protected by the federal minimum wage law. With few exceptions, minimum wages employers in these...
by Odiono | Aug 23, 2021 | Bookkeeping
When your inventory reaches the minimum value, a trigger alerts you to reorder. A Maximum and Minimum Calculator is an online calculator that can be used to determine the maximum and minimum values of a mathematical function. In its original form, Min/Max ordering was...
by Odiono | Jun 23, 2021 | Bookkeeping
In summary, the contra revenue account plays a crucial role in bookkeeping by mitigating unforeseen losses and clearly understanding a business’s financial landscape. Generally in the financial statements the revenue account would be offset against the contra...
by Odiono | Jun 21, 2021 | Bookkeeping
The following team members are dedicated to serving clients of Supporting Strategies | Austin and Supporting Strategies | Dallas. Austin Bookkeeping Hub ensures ironclad data security, safeguarding client financial information with utmost confidentiality. We work...
by Odiono | Jan 20, 2021 | Bookkeeping
Unlike financial accounting, it is not mandatory yet is equally important. Without managerial accounting, a business would suffer in information deficiency leading to misguided decisions that are detrimental to the entity’s performance or even to its existence....
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