Inventory Turnover Ratio: A Comprehensive Guide
But the more accurate you can be, the closer you can align inventory to actual order numbers, and therefore limit excess. Holding the right amount of stock is crucial to improving your stock turn. Knowing which items to hold, and which to burn in a ritualistic fire out the back. Read More…
QuickBooks Desktop vs Online: Which Is Best for Construction?
With QuickBooks Desktop, users receive some of the most developed accounting tools on the market. The software offers comprehensive features, unique touches (such as lead management and sales orders), industry-specific versions of the software, and the potential to be more secure. This version automatically backs up your data to the Read More…
Accounting for digital marketing agency Discussion on Business,Finance and Marketing Accounting for digital marketing agency
For example, if your CAC is high compared to your LTV, you may need to reevaluate your marketing strategy to improve customer retention or reduce acquisition costs. The first step to getting accounting for your marketing agency set up is to separate your business and personal finances. Mixing personal and Read More…
Accrued Payroll: A Comprehensive Guide for Employers
When there is an amount to be paid to an employee on a future date, i.e. a retention bonus, the amount needs to be recorded on the financial statements as an expense in the month it was awarded. Many employers prorate the amount over the entire course of the agreement Read More…