ADP RUN articles

Having a clear understanding of liquidity helps businesses negotiate favorable payment terms with suppliers while minimizing the risk of defaults. The company’s current ratio of 0.4 indicates an inadequate degree of liquidity, with only $0.40 of current assets available to cover every $1 of current liabilities. The quick ratio suggests an even more dire liquidity position, with only $0.20 of liquid assets for every $1 of current liabilities. With liquidity ratios, current liabilitie […]

A long-term asset account that reports the cost of real property exclusive of the cost of any constructed assets on the property. Land usually appears as the first item under the balance sheet heading of Property, Plant and Equipment. If functionality is being added to the land and the expenditures have a useful life, record them in a separate Land Improvements account. Examples of land improvements are drainage and irrigation systems, fencing, landscaping, and parking lots and walkways.

At t […]

To import the data, you have to update the Dancing Numbers file and then map the fields and import it. If several users are working on QuickBooks Online, you can view who has created the journal entry, and also when they have created it. If you want to make a journal entry in QuickBooks Online, then you have to follow the below steps. The QuickBooks Journal Entry is generally used to register the transactions.

A manual entry can be availed to invalidate the impact of a transaction.
What is a […]

There are some industries where two or more products come out of a single raw material which is equally important. Two or more products are produced from the joint production process in one phase of production. This phase or point is referred to as the split off point. The joints products are not produced or emerged incidentally. The production of joint products is the deliberate intention on the part of management.

From this point onwards, the two products can be processed individually.
Supp […]

When we undergo the apportionment of joint cost for accounting purpose, we will see that there are different methods available for determining it. Thus a proper accounting procedure is followed to distribute such expenses equitably among all the joint products so obtained. These separable product costs are identifiable with the individual product and generally need no allocation. To the point of split-off or the point where these products emerge as individual units, the cost of the products fo […]

Job order costing provides more accurate cost figures for heterogeneous products and services. Heterogeneous products and services are products and services that have different characteristics than other products and services the firm sells. In other words, the product or service is customized or tailored to fit that customer’s specific needs.
Job order costing helps companies identify areas where costs can be reduced, improving their profitability. For example, by tracking the cost of m […]