Accounting profit equals total revenues minus accounting costs. This number also goes by the names "net profit," "accounting income," "business profit" and "net income." ...

You can use cost accounting and managerial accounting information to develop cost and management budgets. A budget takes a long-term view of your company's dollars-and-cents financial operations.

Cost accounting records, analyzes and reports all a company’s variable and fixed costs related to a product’s production. There are four major types of cost accounting.

Employees are the backbone of any organization—but how much do they cost? Payroll accounting lets you keep track of the cost of each employee. This includes their salaries, wages, benefits and ...

Applied cost is a term used in cost accounting that denotes the cost assigned to something, which may be different from the actual cost. The applied cost is determined for each cost object using ...

Manual accounting is more expensive than you think. Manual accounting may not show up as a line item, but it drains time, money and momentum in ways most SMBs overlook. The cost spikes fast when ...

Cost Savings Saving on expenses within the business is also crucial to avoid running at a loss. According to software reviewer Rhiannon Stone, using good accounting software can provide clear ...

One set of rules (FASB Accounting Standards Codification (ASC) Topic 985, Software) is designed for software costs that the entity intends to sell or lease. These rules, commonly referred to as the ...