Total Office Manager

Reviewing Estimates for Job Analysis

Introduction When reviewing your estimates for an overall standing of your contract jobs (estimates), it is recommended to Run the Estimate Over/Under Details CDV (Reports | Custom Data Views | Data Views). In this CDV, you can review summary information to analyze your profit/loss on a job (estimate). To help isolate records which need to …

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Bad Debt and Collection Agencies

Writing Off Bad Debt and Dealing with Collection Agencies Collection agencies are often used to collect overdue receivables.  Typically, the agency will take a percentage of any debt collected (40% is not uncommon), then forward the remaining portion of the payment to you.  There are a variety of acceptable methods of accounting for this activity. …

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Inventory Valuation Does Not Match Inventory on the Balance Sheet

The Balance Sheet report draws information from the accounts whether they are associated with items or not. The Inventory Valuation reports, however, draw information from items only. This means that transactions using inventory items show on both reports but transactions without inventory items show only on the Balance Sheet report. Some examples of transactions that …

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Other Methods Inventory Costing Methods

Other Methods Inventory Costing Methods Although Total Office Manager uses the Perpetual Average Cost and Specific Identification Method, the following methods are explained in detail for reference purposes. Weighted Average Cost Weighted average measures the total cost of items in inventory that are available for sale divided by the total number of units available for …

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By entering your information above and clicking the “Agree and Get Started” button, you agree to our Terms of Use and Privacy Policy that we may contact you, by SMS, at the phone number and email address you provide in this form in accordance with our Terms of Use. Promotion Terms & Conditions apply.