Cost, Profit & Investment Centers Definition & Examples Lesson

A profit center is a sub-division within an organization responsible for maximizing profit by increasing revenue generation from the business. Since it utilizes all the available business resources to generate revenue, it has revenues and costs. Allocating revenues and costs to all the profit centers helps identify the profitability of the various revenue-generating units. […]
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The Role of a Bookkeeper for Independent Contractors

This form details how much you were paid throughout the year. You can use that information to double-check that you’re reporting all of your income earned through the year. We believe everyone should be able to make financial decisions with confidence. If you’re a freelancer and want simple accounting with a focus on your needs, […]
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