Bookkeeping

Direct materials price and quantity standards explanation and examples

Financial efficiency, cost savings, and profitability undoubtedly fall under the main priorities of upper management, regardless of a company’s industry. However, only 30% of CPOs claim they have achieved their cost-saving targets in 2023. One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. Direct materials price variance...

Free Printable Receipt Templates

The benefit is when they come again for any purchase, you have handy contact information. To issue a receipt you can bring it in the document the payment made in cash, download and open the template on this page. Moreover, you can complete it by checking the file link to .odt, .doc and PDf buttons how to fill out a receipt book to preview the picture. If you agree with your customer that they’ll pay in...

Contributed Capital Explained

Additional paid-in capital refers to the excess amount shareholders pay over the par value of the stock when they purchase shares. This occurs when the market price of the shares exceeds the par value. To calculate the contributed capital from additional paid-in capital, subtract the par value of the stock from the total amount paid by the shareholders for the shares. Corporations and publicly traded...

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