June 8, 2021 Economic Order Quantity Formula: How to Calculate EOQ Plus, in this scenario, you risk understocking, which can lead to stockouts and missed sales opportunities. Here, order costs refer to the processing fees and transportation expenses accumulated when you place a purchase order. The annual insurance…
May 31, 2021 What Is the Profitability Index? Definition & Calculation The index can be used alongside other metrics to determine which is the best investment. The profitability index is helpful in ranking various projects because it lets investors quantify the value created per each investment unit. As…
May 28, 2021 9 Best Online Bookkeeping Services 2024 It’s rare to find inventory management capabilities within free accounting software, so this is where ProfitBooks stands out among its free accounting software competition. The software includes tools for managing suppliers, warehouse and manufacturing inventory and purchase…
May 27, 2021 5 Best Construction Accounting Software for 2024 The app also has excellent project management features, making it easy to juggle multiple projects simultaneously and ensure all your field teams are on the same page. This feature is a life-saver for project managers since it…
May 21, 2021 104-year-old Yukon woman looks back on life and love in wartime Like many other young women at the time, Wanita then had to leave the workforce. One of her primary assignments during the war was to process paychecks for soldiers, or their widows. Stumbling on familiar names was…
May 14, 2021 Accounting reconciliation: What it is and how it’s done This process helps identify inconsistencies between subsidiaries and unrecorded transactions or balances on the books of group companies. For example, the internal record of cash receipts and disbursements can be compared to the bank statement to see…
April 23, 2021 Accounting conservatism definition If a transaction does not meet the requirements to be reported, it must be reported in the following period. This will result in the current period being understated and future periods being overstated, making it difficult for…
April 19, 2021 100 Free Invoice Templates Print & Email Invoices Your client or customer can pay you on the go, from any mobile device or desktop computer. If for any reason your invoice goes unpaid after the due date, Square gives you the option to set up…
April 16, 2021 Horizontal Analysis of Financial Statements It would make more sense to compare the values for a specific quarter to the same quarter from past years. If you happen to choose a particularly bad time period for your base values, the values for…
March 31, 2021 How to Simplify Brewery Accounting with Powerful Software Solutions You’ll then be given an overview of the basics of the brewery balance sheet, income statement, and cash flow statements to understand how they all tie together for your future brewery business. Brewery cost accounting will be…
