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In this case, the monthly fee is the fixed-cost component, while the per-usage fee is the variable cost. In this example, the monthly fee is the fixed-cost component of the semi-variable cost, while the usage fee is the variable cost. A production facility’s energy consumption can be considered a semi-variable cost if, for example, they are charged a minimum service fee every month, plus an added usage fee. Semi-variable costs, […]

The best real estate accounting software for your business depends on the size of your portfolio and your specific needs. If you’re a property manager seeking free accounting software, then Wave is a great option. Large-scale property managers should consider more sophisticated software, such as Buildium. These are challenges unique to property management, and they're the types of things general accounting software typically isn’t designed to do.Rentec Direct offers property […]

Expressed as a percentage, the net profit margin shows how much of each dollar collected by a company as revenue translates to profit. It is important to note the difference between gross profit margin and gross profit. Gross profit margin is shown as a percentage, while gross profit is an absolute dollar amount. If you know only the cost and the profit, simply add the two together to get the revenue, then substitute in the […]

Also, determine if the software offers any free trials, free versions or discounts. This information can usually be found in the frequently asked questions (FAQs) section of the software’s pricing website page. When you hire a QuickBooks Online Accountant, you access the expertise QuickBooks offers them. Some real estate accounting software offers access to multiple parties, such as property owners, property management companies, accountants, vendors, and more. Stessa currently integrates […]

However, that is challenging without knowing the actual overheads as they occur later. Say a company allocates overhead to its goods based on an already specified standard overhead rate of $15 per hour of machine time used. If too much overhead has been applied to the jobs, we say that overhead is overapplied. Adam received his master's in economics from The New School for Social Research and his Ph.D. from the […]