ADP RUN articles

There is also an additional 1.5 USD direct labor dollar at 39 USD, capping the total costs at 234,000 USD. In order to come down to any decision, the firm analyzes outsourcing costs with total cost. If the cost involved in outsourcing is more than the total cost, then the firm must manufacture the product and vice versa. The decision is based on the fact that the total cost of production is less than subcontracting.
For this purpose, they either produce the product/service internally or procur […]

Managerial accountants need to analyze various events and operational metrics in order to translate data into useful information that can be leveraged by the company’s management in their decision-making process. They aim to provide detailed information regarding the company’s operations by analyzing each individual line of products, operating activity, facility, etc. As the environment in which accountants work changes, so do the job expectations for managerial […]

However, it could also mean you’re not buying enough inventory or you lack supply chain visibility, which is limiting the sales you can make. That spells opportunity, if you can increase your stock of popular items. A low ratio needs some inventory analysis to discover the cause. Is the purchasing strategy no longer working and inventory is piling up? Then consider adapting your purchasing policy and processes accordingly to prevent tying up too much capital in inventory.
All this while […]

However, you may be able to save even more time, depending on the type of accounting software you use. Many banks can provide a delimited report that can be imported directly into some accounting software systems. If you are fortunate enough to have compatible software, then the task of posting payments may take a few moments, even if the list of payments reaches into the hundreds. While lockbox pricing generally includes similarly structured fees, these costs may vary depending on the lockbox […]

Simple interest is a set rate on the principal originally lent to the borrower that the borrower has to pay for the ability to use the money. Compound interest is interest on both the principal and the compounding interest paid on that loan. The amount of interest a person must pay is often tied to their creditworthiness, the length of the loan, or the nature of the loan. To combat inflation, banks may set higher reserve requirements, tight money supply ensues, or there is greater demand for c […]

In this article, readers will gain a deeper understanding of what a loan account number is and why it’s crucial to keep track of it. The article will also guide readers on how to check their loan account number, enabling them to stay on top of their loan repayments and avoid any confusion or delays. Unsecured loans usually have higher interest rates than secured loans because the risk of default is higher than secured loans. That’s because the lender of a secured loan can repossess […]