LIFO and FIFO have opposite effects on the amount of inventory shown on the asset side of the balance sheet. Ending inventory is based on either the oldest unit price or the latest unit price, depending on the method used.
FIFO the ending inventory is calculated with the latest unit price, with LIFO the ending inventory is calculated with the oldest unit price. Therefore, when the price increases, the ending inventory reported on the balance sheet will be higher for his FIFO than for LIFO.
Conversely, if the price is falling, the closing inventory on the balance sheet will be higher in his LIFO than in FIFO.
Traditionally, the middle class is considered as the largest representative of the population in developed countries, although it is also a reality that the limits of this class are not very strong, since it can range from professionals and administrators of important level to employees in the area of services. So, as a consequence of this lack of internal union, it is often subdivided into upper middle class and lower middle class.
Answer: The recommended way to add the client to QuickBook Online is to go to QuickBook Accountant . The process is easy and there is a tutorial online. You will go to the Quickbooks Online Accountant page and at the top right hand corner there is a button to add a new customer or you can use the plus sign at the top middle off the page. The information will need to be manually put in.