Bill Kimball

Bill Kimball
Bill Kimball has over thirteen years of experience in public accounting and provides audit and assurance services to both public and private businesses in a variety of industries including petrochemical, healthcare, hospitality, restaurants, not-for-profit, settlement trusts and employee benefit plans.
It’s A Fair Cop Definition & Meaning

It’s A Fair Cop Definition & Meaning

August 24, 2023

For those who like men, there’s Silver Fox DI Lestrade, who, like most of the male cast, wears well-tailored suits. For those who like women, there’s DS Sally Donovan, who’s got legs and the gun to back them up.
Once we have the government dictating language usage, then we’ll start getting language cops. Lt. Christine …

What is Trade Discount? Journal Entry, Examples, Calculator

What is Trade Discount? Journal Entry, Examples, Calculator

August 24, 2023

Manufacturers’ trade discounts assist both manufacturers and retailers/wholesalers. From a manufacturer’s perspective, it increases sales volume and thus profitability. Bulk sales also prevent manufacturers from stockpiling products in their warehouses. Conversely, retailers/wholesalers profit handsomely from bulk purchases. They …

Store Keeping Accounting Education

Store Keeping Accounting Education

August 24, 2023

An invoice is a legal document that serves as a demand for payment for goods or services. If you are a VAT-registered business, then His Majesty’s Revenue and Customs (HMRC) requires you to keep your invoices and submit them with your tax returns. Even businesses that are not registered for VAT should keep a close […]

Items That Make Up Merchandise Inventory

Items That Make Up Merchandise Inventory

August 24, 2023

The consignor here is Tim since he is the one who has made the items. The consignee is Avari since the items are at her store, yet she didn’t purchase them. Tim retains ownership of the items he places with Avari on a consignment basis. When it comes time to value merchandise inventory, Tim counts any items that are at Avari’s …

Compare Process Costing And Job Order Costing

Compare Process Costing And Job Order Costing

August 24, 2023

Overhead costs cannot be directly traced to a product or service. Process costing is easier for the owner, because the business only has to track costs for a particular batch of combs. Job costing, on the other hand, requires the owner to manage dozens, or even hundreds of individual projects.

People who work in the trades, such as …

Principles Of Sound Tax Policy

Principles Of Sound Tax Policy

August 24, 2023

For example, property taxes grow predictably—but tend to grow more slowly than the cost of the services that governments provide. Elasticity is a measure of whether the growth in tax revenues keeps up with the economy—an important consideration because the cost of providing public services usually grows at least as fast as the economy. An …