Bookkeeping

There is a linear relationship between variable expenses and production. Fixed costs are often seen as unavoidable—employee salaries, electricity, rent, and office expenses. Variable expenses, on the other hand, are often Suspense Account seen as discretionary. Marginal cost is the additional cost incurred by producing one more unit of a good or service, reflecting changes … Read more

You can evaluation and validate accounting entriesbased on the settings on your accounting and project accounting durations. Perform accounting on your project costsand commitments utilizing Oracle Fusion Project Costing. Revenue recognition refers to when and how revenue from a project must be acknowledged in your company’s monetary statements. You’ll normally obtain funds in levels for … Read more