Bookkeeping

Managerial Accounting: The Importance of Transfer Pricing

On the other hand, Division B’s costs of goods sold (COGS) are lower, increasing the division’s profits. In short, Division A’s revenues are lower by the same amount as Division B’s cost savings—so there’s no financial impact on the overall corporation. A transfer price is used to determine the cost to charge another division, subsidiary, …

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How To Launch Virtual Bookkeeping Service: Ultimate Checklist

In this section, we discuss the different ways you can measure success and what you can do to continue growing your business. By considering these sub-topics as you offer your services as a virtual bookkeeper, you are more likely to build a successful, thriving business that meets your client’s needs. Accountants and bookkeepers may decide …

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