SALE AND LEASEBACK Definition

Bookmark and Share

SALE AND LEASEBACK is a financial transaction, where one sells an asset and leases it back for the long-term. 

Learn new Accounting Terms

REFURBISH is to renovate or clean up.

PAYROLL VARIANCE is the difference between actual salaries and 'unloaded' labor expenditures. The largest contributing factor to payroll variance is usually employees not submitting project oriented timesheets, or supervisors failing to approve those submitted timesheets. The effect being wages being paid without direct assignment of labor charges to those areas or projects to which the labor hours were expended. Thereby causing a variance between recorded labor costs and actual payroll, e.g., project costs are not recorded, reimbursable costs are not billed, and program and project managers are unable to accurately monitor their budgets or do projections.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.