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Is professional charges a fixed cost expense?
The only time professional charges would be a fixed cost expense is when you pay exactly the same charge every reporting period (monthly, quarterly, or yearly). If the professional charge changes depending of the amount of work done or time spent, then it is not fixed. Sometimes lawyers or accountants will work for a fixed fee that doesn't change over a period of time. Then it is a fixed cost expense.
What is fixed expenses?
A fixed expense is an expense that a business or individual is obligated to pay, such as rent or mortgage, utilities, salaries, loans, etc. that cannot decrease over the short term without major changes in resources or facilities
What are the benefits of expense tracking software?
There are numerous benefits of the expense tracking software. When this software is used for household budget tracking purpose, it helps to keep track on daily and monthly expenses. When this software is used for projects, it helps to maintain the list of expenses and vendor information.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
Is a withdrawal a business expense?
It rather depends what the withdrawal was for. If it was for personal use - then no, but if it was for petty cash for example - then yes. The above gets there, but a withdrawal is NOT an expense of any type. It is simply getting cash from an account...you/business has no more or less after the withdrawal than before. Just where that asset is changes. The expense may occur when you spend the withdrawal on a tax deductible expense.
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
What are variable expense?
cost that changes
How calculate expense-to-sales ratio?
sales to expense ratio should be under 10% of your net sales, on a monthly basis
When This is the monthly budget for the reed family. What percentage of expenses is spent on utilities?
Divide the utility expense by the monthly budget. Multiply the result by 100.
What is average monthly food expense for one year old child?
1000- 2000
What is subscription expense in accounting?
A subscription expense is a regular expenditure on a predetermined basis for a necessary business cost. For example, many auto repair shops lease repair information software that continually changes due to new vehicle rollouts...they don't purchase the software but subscribe to it on a monthly basis of XXX number of dollars...
What does no fee software mean?
It simply means that they do not want a software that cost's an annual amount, or a monthly expense.
What is the monthly expense for a four bedroom apartment?
I use to live in a apartment so i would say 400
Is professional charges a fixed cost expense?
The only time professional charges would be a fixed cost expense is when you pay exactly the same charge every reporting period (monthly, quarterly, or yearly). If the professional charge changes depending of the amount of work done or time spent, then it is not fixed. Sometimes lawyers or accountants will work for a fixed fee that doesn't change over a period of time. Then it is a fixed cost expense.
Is a Payment for a vehicle Loan Liability considered an Expense that would show up in my monthly expense report in my Quicken XG 2004?
Yes payment of loan liability is your expense decreasing the liability as well as asset from which you are paying the loan liability.
When does an accrued expense have to be paid?
An accrued expense is an accounting expense that is recognized in the books but has not yet been paid. It is usually a current expense. An accrued expense is paid when the due date for payment has reached, for example, wages are accounted for in the books before they are paid, but are usually paid either on a monthly or weekly basis depending on the policies of the company.
What is deferred rent payable?
Deferred rent payable is the sum of the difference between a monthly rent payment and the monthly rent expense of an operating lease that contains escalated payments in future periods. The rent expense is the sum of all rent payments over the term of the lease divided by the number of periods contained in the lease otherwise known as straight-line amortization. This rent expense amount can/may differ from the monthly rent payments. The difference is deferred rent payable.
