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Keeping track of money is essential for any business to grow. Keeping a tight grip on your money can make or break your success, no...

For real, cash flow can feel like a roller ride, right? You may have a lot of money one day and not enough the next. Sometimes money...

Invoice Approvals—which are possibly taking a lot of your time and patience. You know what I'm talking about: bills keep coming in and...

As a business owner, you’ve likely heard the term variable costs thrown around in conversations about bookkeeping and accounting. What...

When doing bookkeeping, it's important to understand variable costs so that you can handle your money well. Costs that change depending...

Understanding the differences between Cost of Goods Sold (COGS) and expenses is crucial for accurate financial reporting and informed...

In the fast-paced world of work, it's important to have a solid financial plan. Making a flexible budget that takes into account costs...

If you work in accounting, the way you measure your inventory can have a big effect on your financial statements, especially the cost of...

As a business owner, you know that revenue can fluctuate throughout the year. Low revenue months can be particularly challenging, making...

To figure out Cost of things Sold (COGS), any business that sells physical things needs to keep accurate records of its ending inventory....

It is very important for any business that sells real goods to understand inventory write-offs and how they affect Cost of Goods Sold (COGS). Inventory write-offs can have a big effect on your taxes, total profits, and financial statements. This piece will talk about what inventory write-offs are, how they affect the cost of goods sold (COGS), and how to manage inventory well. What Are Inventory Write-Offs? When a business gets rid of old or unsellable goods, this is called a

If you want to be good at managing money in accounting, you need to know the difference between variable costs and set costs. Whether you...