Bookkeeping

Fixed production costs were $3,000, and variable production costs amounted to $1,400 per unit. Fixed selling and administrative costs totaled $50,000, and variable selling and administrative costs amounted to contribution margin income statement format $200 per unit. One significant difference between contribution and traditional income...

This blog explores essential bookkeeping practices tailored for e-commerce businesses. It covers strategies for managing finances, ensuring tax compliance, tracking inventory, and handling multi-currency transactions. Readers will learn how to leverage accounting software, navigate sales tax regulations, and analyze financial reports to optimize operations...