Cost Accounting Software

Archive for March, 2010

In the near future I am going to be starting up a business making furniture, and I will be using Sage accounting software. I know how to set up the depreciation on all my fixed assets but where exactly do I get the depreciation rates from. Obviously you can’t just take a guess at what the rates should be e.g I have purchased a CNC router machine which cost £14000. Do I depreciate this item 5% a year or 20% or 15%. Where can I get this info?

5280 Solutions To Showcase Award-Winning SharePoint Suite Of Business Products At Microsoft Convergence 2010
5280 Solutions, a leading provider of Enterprise Content Management (ECM) solutions for Microsoft SharePoint, recently announced that it will be exhibiting its award-winning Dynamic Filer and Dynamic Payables products at Microsoft Convergence in Atlanta, Ga., April 24-27, 2010.

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Ken Boyd, owner of St. Louis Test Preparation (www.stltest.net) presents part four of his course on Understanding Cost Accounting. Boyd points out that students can have success with Cost Accounting concepts by making connections to actual examples from business. As a former CPA, College Accounting professor and Auditor, Ken has a wealth of experience to bring to the subject.

Company seeks to make changing fuel prices easier for retailers
Skyline Products Inc., long known for its signs that display “amber” alerts and traffic information on highways and gasoline prices for retailers, is trying to foster a new market for software it has developed that manages fuel pricing for…

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Preston residents OK money for new software package
Preston – In a special town meeting Thursday night, residents voted to make a special appropriation of $25,000 for the Purchase of Phoenix Financial Software and assorted startup hardware.The

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New Website Focused on Giving Accounting Software Buyers Detailed Product Information to Make Informed Buying Decisions
Introduction of new website focused on giving accounting software/ERP buyers easy access to the in-depth product information they need to make informed decisions about business accounting/ERP software.

Read more on PRWeb via Yahoo! News

Joe quits his computer-programming job, where he was earning a salary of $50,000 per year to start his own computer software business in a building that he owns and was previously renting out for $24,000 per year. In his first year of business he has the following expenses: salary paid to himself $40,000, rent, $0, and other expenses $25,000. Find the accounting cost and the economic cost associated with Joe’s computer software business.

Can you please check my answer:

The accounting cost of opening his own business is the cost of Joe’s salary plus his rent and other expenses. This equals $65,000.

In this case, the economic cost is the accounting cost plus the opportunity cost. This equals $139,000.

I work for a manufacturing company. We built one of our own products for our own use at the company. We use peachtree accounting software. We want to show that the product was built and taken out of stock and the cost involved in building that product but we do not want to Invoice and pay ourselves for it. We also want to show that it is now an asset. How would we go about doing this in Peachtree? Or any other accounting information would be great.

I’m having a hard time understanding historical cost accounting many of the terms used are hard to understand.

Dear Sir or Madam:
I would like to introduce myself as Bachelor degree of accounting from Allame Tabatabaee University of Iran. I had studied accounting from 1995 to 1999. I am going to travel to Lodon on Jan 2007 because I am studying CIMA and I should seat P1 (Management Accounting Performance Evaluations), P2 (Management Accounting Decision Management) and P4 (Organizational Management and Information Systems) On May 2007.
I had worked at the biggest Car production company (Irankhodro) for 2 years and I have been working in the Export development Bank of Iran since 2001. I am working at the accounting section of International affairs department. My main duties are recording of the financial entries and preparing the reposts base on the manager requirements.
I am good at Microsoft software such as Excel.
As I should study in UK, I just only have 3 days a week to work so it is highly appreciated if I am appointed for a part time jobs.