Tag: quickbooks certified bookkeeper

What are payroll records?

In bookkeeping and accounting, payroll records refer to a comprehensive set of documents and records that businesses maintain to track and document various aspects of their employees’ compensation and related

Read More »

What is payroll?

In bookkeeping and accounting, payroll refers to the process of calculating, managing, and disbursing compensation and benefits to employees for their work performed within a specific period, such as a

Read More »

What is an overhead?

In bookkeeping and accounting, overhead refers to the ongoing operational expenses or indirect costs that a business incurs to support its day-to-day operations and production processes but are not directly

Read More »

How to calculate operating profit

Calculating operating profit in bookkeeping and accounting involves determining the profit generated from a company’s core operational activities before considering interest expenses and income taxes. Operating profit is often referred

Read More »

What is operating profit?

In bookkeeping and accounting, operating profit, also known as operating income or EBIT (Earnings Before Interest and Taxes), is a financial metric that represents the profit a company generates from

Read More »

What is an operating expense?

In bookkeeping and accounting, operating expenses, often referred to as OPEX, are the ongoing costs and expenditures that a business incurs as part of its regular operational activities. These expenses

Read More »