Direct labor rate variance explanation, formula, reasons, example

The standard rate per hour is the expected rate of pay for workers to create one unit of product. The actual hours worked are the actual number of hours worked to create one unit of product. If there is no difference between the standard rate and the actual rate, the...

Rebates vs Discounts: Whats the Difference? Wiser Retail Strategies

When the trader places a short sale trade, the stock must be delivered to the buyer on the trade settlement date. Example of Discount – Goods worth 10,000 were sold by Unreal Corp. to ABC Corp. @10% discount each. This means a trade discount of 10% and an additional...

What Is a Bearer Bond? Benefits, Risks, and Redemption Guide

These bonds provide a high annual percentage yield (APY), fixed income, and the convenience of no fees or complicated paperwork. As you navigate your investment options, consider how Compound Real Estate Bonds could fit into your financial strategy, offering both...

How to Clean Up Undeposited Funds in QuickBooks Online

When business is thriving, bookkeeping has a way of sneaking up on you. For many QuickBooks do-it-yourselfers, it’s possible to “get by” and decode the mysterious language of accounting-ese in the tool. You can look at the graphics within QuickBooks and make logical...

What is a grant? Here’s how to get money to start a new business

While all these considerations can seem like a lot when you first start applying for grants, most businesses find that it gets easier with time. Follow up with the grant funding agency if they allow it, but be patient as grant review processes can take time. Use this...