“Cost” vs “Price”: How Much Is The Difference?
Price and cost are two different things, though they are often confused. Price is what you charge for a product or service, while cost is the amount of money it takes to produce that good or service. Understanding the stocks vs bonds can help business owners make more informed pricing […]
New Zealand GST rates and GST compliance
Almost all of the time, businesses will include GST in the price displayed. However, some businesses will write a price and mention “+ GST” which means that you should add the GST to that price to know how much building maintenance definition the price is in total. This is pretty […]
8 Essential Types of Software Every Business Needs
Depending on the organization and scale of projects undertaken, resource management can be done at the organizational level or the individual project level. Project portfolio management often includes resource planning and management to help ensure that resources are being used as strategically as possible. Planview ProjectPlace offers features well suited […]
Accounting for a Defined Contribution Plan Example
The interest expense for the expected benefit obligation is recorded when incurred. In the United States, the Financial Accounting Standards Board (FASB) oversees the application of generally accepted accounting principles (GAAP) to pension accounting. “A pension is the $400 per month I receive for my many years of service at Acme Widgets. […]