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What I like the most is the intuitiveness and ease of use.. This is the most friendly and hassle free form filler I've ever used so far. Good job guys and girls keep it that way!
2017-04-11
Worked just as it promised when I looked the app up and read about it. It's a little pricey though as I can go to Adobe's online app for $9.99. Why the big difference?
2017-10-24
just started using the product and it works very well. The only thing is that I will use it for the forms I need to fill out and then will cancel since I won't need to use the product after 30 days. You should have a one time fee.
2018-09-03
The site is a bit slow, and often will freeze during filling. Otherwise it is well worth the $72.00 I paid although it was supposed to be a free trial for 30 days.
2018-10-08
So surprised and happy to find this VA…
So surprised and happy to find this VA application online and available to convert to a filler style form. Printing the document by-hand was painful and re-dos were tedious but with your program I was able to complete and annotate (where needed) the application in a legible, presentable manner. Thank you for this program.
2019-09-09
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2023-08-21
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2021-06-23
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2021-03-14
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2025-03-11
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How is warranty period calculated?
Divide the amount of your actual warranty claims in the most recent year by your total sales in the same year to calculate your warranty claims as a percentage of sales. For example, if you had $1,600 in warranty claims and $80,000 in sales, divide $1,600 by $80,000.
How is warranty expense calculated?
Warranty expense is the cost that a business expects to or has already incurred for the repair or replacement of goods that it has sold. Accrue the warranty expense with a debit to the warranty expense account and a credit to the warranty liability account.
How is warranty cost calculated?
Total number of units sold X Percentage of units that are defective. Units needing repair or replacement X cost per unit to repair or replace. 14 water bottles x $4 per water bottle = $56 cost of inventory.
What type of expense is warranty?
Definition: Warranty expense is the cost associated with a vendor or manufacturer's commitment to repair or replace a product, should it not perform as intended during a specified period of time. In other words, it's the cost of repairing or replacing defective products after they have been sold to customers.
Is warranty an expense or cogs?
The costs associated with a manufacturer's product warranty are part of its selling expenses and therefore part of its SGA expenses. If the future costs of the warranty coverage are probable and can be estimated, they are recorded at the time of the sale.
Why should a company accrue warranty expense?
If the company can reasonably estimate the amount of warranty claims likely to arise under the policy, it should accrue an expense that reflects the cost of these anticipated claims. If the amount of warranty expense recorded is significant, expect the company's auditors to investigate it.
Where is warranty expense on the income statement?
The expense should be reported on the income statement at the time that the sale of the product is reported in order to comply with the matching principle. A related account, Warranty Payable or Warranty Liability is also established at the time of the sale.
Is warranty cost an expense?
Warranty expense is the cost that a business expects to or has already incurred for the repair or replacement of goods that it has sold. Accrue the warranty expense with a debit to the warranty expense account and a credit to the warranty liability account.
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