Rebate Accounting: Procedures, Challenges & Solutions

Rebate is the payback amount that the supplier pay after the customer purchase and settle the payment already. It is different from trade discounts that suppliers reduce prices at the time of buying. For the customer side, it is the amount that they receive from the supplier after the purchase is completed. There are several […]

Fund Accounting: Fund Accounting: The Backbone of Restricted Fund Management

These funds provide flexibility and are essential for covering operational costs, staff salaries, administrative expenses, or urgent needs that arise. It is classified as temporarily restricted until it is spent according to the donor’s wishes. Lessons include the importance of transparency, adherence to restrictions, and regular audits. Recording involves initial recognition and making appropriate journal […]

Fixed cost per unit: Analyzing Breakeven: Calculating Fixed Cost per Unit

However, as the retailer’s sales grow and more products are stored in the warehouse, the average fixed cost per unit decreases. Understanding this relationship between fixed costs and economies of scale is crucial for accurate unit cost calculation. When it comes to understanding fixed costs and their impact on Turbotax® Official Site unit cost calculation, […]

How to calculate manufacturing overheads costs: Formula and examples

For vendor marketplace retailers, marketplace fees should not be included in manufacturing overhead. Should marketplace fees be included in manufacturing overhead? How does manufacturing overhead calculation differ for print-on-demand operations? Allocate these costs based on the number of orders, SKUs, or revenue generated through each dropship partner. All the items in the list above are […]

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