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https://www.flourishthriveacademy.com/accounting-tips-for-jewelers/
Jul 17, 2018 · So often jewelry designers count their inventory as COGS when it’s still in your studio. Mariel suggests looking at it this way, material in your studio is essentially cash in the bank. Only when the piece sells is when it transforms into cost of goods sold.
https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/when-setting-up-an-expense-account-for-gifts-gifts-to-clients/00/216444
Jan 05, 2019 · When setting up an expense account for gifts( gifts to clients) what detail type do I use- meals and entertainment or advertising. Gifts are limited to $25 per person as a deductible expense for taxes. So the only way I see to track this, assuming your gift is more than $25, is two accounts.
https://www.fool.com/the-blueprint/business-expense-categories/
Jan 03, 2020 · If you use the accrual method of accounting, you are able to recognize the expense in the month that it was performed, December, so you can deduct the $1,750 expense …
https://www.masc.sc/SiteCollectionDocuments/Finance/nuts_bolts_exhibits.pdf
Exhibit C Sample Chart of Accounts Example of a logical numbering system for the general fund for a small municipality using departments: Account Category 1XX = Asset Account 2XX = Liability Account 3XX = Net Asset/Fund Balance Account 4XX = Revenue/Income Account 5XX = Expenditure/Expense Account 6XX = Interfund Transfer Accounts Departments
https://accountinguide.com/accrued-expense-journal-entry/
Nov 17, 2020 · Accrued expense is the expense that has already incurred during the period but has not been paid for yet. The accrued expenses may include interest expense, salaries and wages, and utility expenses, etc. Likewise, at the period end adjusting entry, the company needs to account for all the accrued expenses with appropriate journal entries.
https://www.patriotsoftware.com/blog/accounting/what-is-expense-account/
Oct 24, 2019 · Your expense account should include balances for each sub-account as well as a total expense balance. Expense accounts aren’t the only accounts that you need to track. An expense account is one of the five main types of accounts included in a company’s chart of accounts.
https://www.si.edu/Content/opanda/docs/Rpts2002/02.08.CostsFundingExhibitions.Final.pdf
The main purpose of this report is to present information on the costs of exhibitions at the Smithsonian, although the costs of exhibitions at other museums and a brief discussion of fundraising also are presented. The Smithsonian data are based on FY 99 and 00 information collected from the museums.
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