What is transfer pricing?

The minimum transfer price they would want to charge to an assembly plant within Ford is £700. When goods or services are transferred between different divisions within an organisation, there needs to be a value put on this transaction so that it can be recorded in...

How to Calculate a Transfer Price Matts Complete Guide

Then, periodically, a transfer is made between the two divisions (Credit Division A, Debit Division B) to account for fixed costs and profit. It is argued that Division B has the correct cumulative variable cost data to make good decisions, yet the lump sum transfers...

How To Host A QuickBooks Company File 6 Easy Ways

You can select the one that is best suitable for your business needs. This is the most recent addition to the recent version which is the Quickbooks Desktop Enterprise 23.0. With the help of this feature you can now manage your multiple businesses using a single...

10 Key Law Firm Accounting Tips & Best Practices

Understanding what goes into accounting is essential; you still are not an accountant or a bookkeeper. Bringing in an expert will give you peace of mind knowing that your business will get tax seasons done right. Having people come in and law firm bookkeeping help...