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…

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…

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…

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…