Blog Posts

All posts by Paul Mensah.

Accounting & Bookkeeping North Kansas City

Bench is mindful of the flourishing food establishments, manufacturing businesses, and start-ups in Kansas City, Missouri, bookkeeper kansas city and acknowledges the unique challenges they face. For instance, local tax laws, regulations, and varying business…

Absorption Costing: Definition, Formula, and Tips

Properly separating product costs and period costs is critical for accurate financial reporting. Product costs include direct labor, direct materials, and manufacturing overhead, retained earnings directly tied to production. Period costs, such as administrative costs,…