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Manufacturing Overhead: How to Calculate Labor Cost by Job

To calculate Manufacturing Overhead by Job, be sure to include these labor costs Manufacturing direct labor costs vs. manufacturing overhead labor:  what’s the difference?  And which should you include in your costing and pricing models? Direct production costs obviously include costs of inventory utilized, special-order materials, production facilities, high-dollar equipment usage, contracted services from outside …

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Labor Cost Calculator: How It Helps QuickBooks & Enterprise Users

Business owners who use QuickBooks or Enterprise accounting software can benefit greatly from the built-in job costing features such as its ability to assign payroll and payroll tax costs to jobs – but there is one major flaw built into those ‘normal’ job cost reports that you need to know about! This critical weakness means …

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Why You Need to Know Your True Cost of Labor

Calculating labor costs seems straightforward: compensation plus benefits should equal how much you’re spending on labor, right? Wrong. Unfortunately, business owners don’t have it that easy. There’s much more to figuring out whether an employee’s time is being put to maximum benefit for a business, and without a true cost of labor that is current …

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Top Accounting Blogs

The accounting blogs listed below are some of the most reputable and informative online. I wanted to create a quality resource for people seeking any additional accounting advice, so below you’ll find what I believe to be some of the top accounting blogs. As an endorsement, I’ve created a badge for them to display so that …

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Choosing a QuickBooks Accountant? 13 Crucial Questions to Ask

Recently, a participant in one of the online forums that I like to ‘attend’ asked “What should I look for when I choose my next accountant?” As a QuickBooks accountant (ProAdvisor) who’s worked with many different clients within the construction, manufacturing, and various other industries (and ‘in the wake’ of other accountants), I’ve learned that many business owners don’t really …

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How Can a Quickbooks Course Benefit You?

Do you ever wonder if you’re using QuickBooks to its fullest potential? Check out a QuickBooks course to learn how to make it work for you. Are you one of the millions of businesses using QuickBooks for in-house accounting? Do you ever find the program frustrating? Do you ever wonder if you’re using QuickBooks to …

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Be More Successful Day-to-Day Through a Management Accounting System

Learn how to implement a management accounting system – so you can make informed business decisions each day! Did you know there are different types of accountants and accounting viewpoints? Many business owners don’t. There are a handful of different kinds of accounting systems, but the two main kinds are management accounting and financial accounting. …

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Learn How To Use QuickBooks Online

Are you one of the many small-business owners taking on your own accounting? Let QuickBooks desktop help you like it’s helped millions others. In recent years, many small- and midsize-business owners have been steering away from using trained accountants for their financial needs and, instead, have taken on the responsibility internally – either by doing …

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Raising Your Profits Through Job Cost Reporting

Job cost reporting can reveal the true costs and profits for each job as they happen, allowing you to fix issues before they cost you. Are you keeping a close eye on your materials costs, ‘shopping’ for the best deals on equipment, and managing employees so that they are making more money than they actually …

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Gaining Control Through Job Cost Accounting

Learn how job cost accounting can help small-business owners take control over each job and their profits through cost and profit analysis. As a small-business owner, one of the best ways you can track the real progress of your business is through job cost accounting. In other words, if you keep track of your income …

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Gross Profit Percentage: How To Calculate It and What It Can Tell You

Knowing how to calculate and interpret your gross profit percentage helps keep your profits high and your costs low. Learn how today… Gross profit percentage: In plain English, this is the percentage of money you’ve made from selling a good or service – after you subtract the cost of producing that good or service. You …

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How To Calculate Your Gross Profit Margin and Net Profit Margin

  Every business owner needs to know how to calculate their gross profit margin and net profit margin. After all, it’s what shows you how much profit you’re making! How much profit your business is making might be the most important number you’ll ever want to know as a business owner. In accounting terms, this …

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Business Overhead Expenses: What They Are and How To Calculate Them

Calculating overhead can be tricky, but QuickBooks can help you calculate and monitor your business overhead expenses more efficiently and effectively. Have you ever wondered exactly WHAT business overhead expenses really ARE? Do you know what YOUR business overhead expenses are? Or how to go about actually calculating your business overhead expenses? Maybe someone else …

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Basic Accounting Concepts Explained

Taking over your business’ accounting system can be confusing. So, let’s start by going over basic accounting concepts, principles & terms. If you’re getting ready to set up your own in-house accounting system for your business, the best place to start is with some basic accounting concepts. First of all, can you answer the question: …

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Deciphering Accounts Payable Information

Learn how to accurately gauge the financial health of your company through your accounts payable information. Even if you are new to accounting, I imagine that you’ve heard the term “accounts payable” before. For those who haven’t been working as accountants for years, “accounts payable” is a liability to your business. Or, in laymen’s terms, …

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Streamline Your Business with QuickBooks Inventory Software

Let BuildYourNumbers.com explain why you should use QuickBooks compatible inventory software to integrate and streamline your systems. Do you have an inventory? If so, how do you keep track of that inventory? Whether you’re already using inventory accounting software or keeping track of your inventory through lists, spreadsheets, or year-end adjustments, I’m about to show …

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Top Five Reasons To Use Inventory Software for Your Small Business

Learn how inventory software can help your small business save time and money over the long-term. Small-business owners have to keep track of their inventory just like all other businesses, but with fewer resources available to them. You could try to track inventory by keeping a list in a notebook or on a spreadsheet, but …

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An Integrated Accounting System – How Your Business Will Benefit

As a small or mid-sized business you only need one cost-effective, integrated accounting system to effectively manage your financial operations… Have you made the jump to manage your own accounting? If so, have you found yourself lost in a sea of financial software? In fact, you really don’t need those five or six manual systems …

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How to Use QuickBooks More Effectively: 10 Tips

… Learn how to use QuickBooks to its full potential with this information from BuildYourNumbers.com! Do you use QuickBooks to manage your accounting? For years, mid-sized and small-business owners have found QuickBooks desktop (and Intuit Enterprise Solutions) to be the most economical, efficient and flexible program for in-house accounting. Yet these businesses are often not using …

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Using QuickBooks as your Construction Payroll Software

Keeping tracks of hours, union wages, social security, & workers comp can be difficult. Let specific construction payroll software help. If you run a remodeling or construction company with employees, you know that those employees are an essential element of your business. How else would you get client jobs completed for clients in a timely …

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