Comparing Weekly and Bi-Weekly Pay for Employees and Employers

This requires payroll expense accruals, so your accountant can identify costs in the month the additional compensation was paid. If the majority of your employees are paid hourly, it might be best to opt for biweekly. Of course, just because something is popular...

Revenue Recognition Principle Examples

It requires businesses to recognize revenue once it’s been realized and earned—not when the cash has been received. Revenue accounting is pretty straightforward when a product is sold in the revenue is recognized as the customer pays for the product. But when it comes...