Administrative expenses are non-manufacturing costs that include the costs of top administrative functions and various staff departments such as accounting, data processing, and personnel. Executive salaries, clerical salaries, office expenses, office rent, donations, research and development costs, and legal costs are administrative costs. The US GAAP requires that all selling and administrative expenses be treated […]

Also, your invoice may include information from your credit policy, like payment terms and penalties for late payment. Lump sum and unit price are less concerned with individual materials and more concerned with overall amounts and percentages. As we’ll discover, there are several construction invoice ways to price up a construction invoice. Each project is […]

Companies usually distribute dividends to their shareholders in cash, but they sometimes give them stock instead. Dividends of any kind, cash or stock, represent a return of profits to the company owners, so they reduce the retained earnings account in the stockholders’ equity section of the balance sheet. Negative can you have negative retained earnings […]