Beginning Inventory Defined: Formula & How to Calculate

Content Cost of Revenue vs. COGS How Do You Calculate Cost of Goods Sold (COGS)? ERP manufacturing software for calculating average inventory How to calculate average inventory in practice? How to Calculate Purchases of Inventory Devaluing the need for inventory management software Operating income is a company’s profit after deducting operating expenses such as wages, […]

Selling Your Building Materials Through Indirect Distribution Channels

Content What is Your Distribution Strategy? Indirect distribution channel Wholesalers Generally, if your product is perishable or if you’re selling B2B, you’ll want fewer distribution channels between your point of manufacturing and your customer. Beyond boosting revenue, distribution channels can also broaden the portfolio of products and services available to customers. VAR, SI and MSP […]

How to Do Bookkeeping for Small Businesses 2023 Guide

Content Average Rating from Top 3 Software Directories Keep an Eye on Cash Flow Send Out Invoices and Manage Accounts Receivable Bench: Overall Best Online Bookkeeping Service The Cost of Bookkeeping for Small Businesses Can you help get my books up to date? Bookkeepers ensure the timely and accurate recording of transactions in the accounting […]

Operating Lease Meaning, Examples How Operating Lease Works?

Content Careers Disclosure: lessees – operating leases [IAS 17.35] Improvements to existing International Accounting Standards (2001- How Does a Capital Lease Work? Essentially an operating lease is simply an agreement to rent an asset without a buyout option. When a retail business agrees to rent a storefront Operating Lease Definition in a plaza strip, it […]

Zero-based budgeting: What it is and how it works

Content Zero-Based Budgeting: Benefits and Drawbacks Types Of Budgets Direct Costing method: definition & calculation example That means budget reductions can be targeted rather than across-the-board. Zero based budgeting – means no budget is set and no money is allocated to cover costs. Managers must be prepared to bid for and justify spending on their […]

Time-driven activity-based costing in health care: A systematic review of the literature

Content Study design Activity Based Costing – Concept UnitedHealthcare is giving its members cash to be healthier Capacity estimates and CCR Save Time & Gas Know Where Your Drivers and Vehicles Are in Real-Time Since the operation of the computer is simulated, all of the information about the computer’s operation is directly available to the […]

Retained Earnings and Dividends Overview, Types & Impact Video & Lesson Transcript

Content What Does the Retained Earnings Figure Tell Us? Investment Video Explanation of Retained Earnings Related Articles AccountingTools The retained earnings balance or accumulated deficit balance is reported in the stockholders’ equity section of a company’s balance sheet. Since net income is added to retained earnings each period, retained earnings directly affect shareholders’ equity. What […]