Menu items






_:_:_:_
Home Bookkeeping 

Default image

First-In First-Out FIFO Method

  11 Views   No Comments

This is especially true for businesses that sell perishable goods or goods with short shelf lives, as these brands usually try to sell older inventory first to avoid inventory obsoletion and deadstock. Net purchases refer to the total quantity of goods purchased during the accounting period, while COGS represents the total cost of goods sold […]

Read More »
Default image

Cash Cows: Definition, Examples And The BCG Matrix

  10 Views   No Comments

This matrix is a strategic tool used by businesses to analyze their portfolio of products and make decisions on resource allocation. The BCG matrix is a tool to evaluate the products of a company, and thereby help to decide where the company’s resources can best be allocated to maximize profits in the future. It divides […]

Read More »
Default image

FIFO vs LIFO: How to Pick an Inventory Valuation Method

  12 Views   No Comments

The LIFO method requires advanced accounting software and is more difficult to track. You’ll spend less time on inventory accounting, and your financial statements will be easier to produce and understand. The store purchased shirts on March 5th and March 15th and sold some of the inventory on March 25th. The company’s bookkeeping ecommerce accounting […]

Read More »
Default image

Break-Even Analysis: How to Calculate the Break-Even Point

  8 Views   No Comments

Once we reach the break-even point for each unit sold the company will realize an increase in profits of $150. The break-even point in sales dollars gives you a view of the total revenue needed to cover your costs, incorporating both fixed costs and total variable costs into the calculation. To calculate the break even, […]

Read More »
Default image

Eight ‘Rules’ For Safely And Smartly Scaling Your Business

  15 Views   No Comments

These can be simple fixes, like how Matt created scripted responses to deal with a heavy influx of customer service inquiries after he appeared on Shark Tank. Scaling up means a higher volume of sales and your supply chain needs to be equipped to handle that. Matt started Hug Sleep with an idea, a dream […]

Read More »
Default image

Best Bookkeeping Classes Houston, TX: Find Courses & Onsite Training

  12 Views   No Comments

Things like bookkeeping, accounting, and record keeping become painless. Payroll management no longer requires a time-consuming hassle. Monthly reporting is a breeze, and your daily operations have never been smoother—all because you aren’t buried in the books every day. Online bookkeeping service helps you manage your bookkeeping from any device, anywhere that there is an […]

Read More »

Categories


Copyright © 2024 Blog.SMTPanel.Com. All Rights Reserved.