Category Archives: Bookkeeping

Production Costs Analysis: What Is It and How to Calculate?

Inflation can erode a consumer’s purchasing power if wages haven’t increased enough or kept up with rising prices. Period costs, on the other hand, include selling, general, and administrative expenses that are expensed immediately in the period they are incurred. Once goods are sold, this cost is shifted over to the income statement, where the … Continue reading Production Costs Analysis: What Is It and How to Calculate?

A Clear Explanation: Are Real Estate Taxes the Same as Property Taxes?

After that, the original homeowner could be forced out of the property through foreclosure. According to the Texas Comptroller, property tax is a tax measured by the value of the property a taxpayer owns. This can be any property that you own – whether it is movable or immovable. What Happens if I Don’t Pay … Continue reading A Clear Explanation: Are Real Estate Taxes the Same as Property Taxes?