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Inventory Turnover Ratio: What It Is, How It Works, and Formula

Whether it’s running sales, bundling products, or investing in digital marketing campaigns, selling more inventory more quickly can help you improve your inventory turns. Inventory management helps businesses make informed decisions about how much inventory they need to keep on hand and how quickly they should replace it. Additionally, it helps businesses to identify problems […]

What Is a Credit Card Balance? Definition and What’s Included

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Adam […]

LIFO: Last In First Out Principle: Method + How-To Guide

LIFO (“Last-In, First-Out”) refers to the cost of the most recent company’s inventory. Under perpetual we had some units left over from January 22nd, which we did not have under periodic. The last units in were from January 26th, so we use those first, but we still need an additional 30. Since we are using […]

Total Debt-to-Total Assets Ratio: Meaning, Formula, and What’s Good

Of course, debt to asset ratio is not the only indicator of a company’s debt management situation. To get a full picture for company B, you should also take a look at other metrics, such as their debt service coverage https://www.bookkeeping-reviews.com/ ratio explained in our debt service coverage ratio calculator. Typically, the lower the ratio, […]

How Do Restaurants Pay Their Employees? RS*

On top of that is a growing desire to work remotely, which is encouraging many people to hold off on getting a new job until they can get one from home. You should also verify that each employee’s social security number is valid to prevent errors while reporting employee information to entities like the IRS. […]

Expense Report: Meaning, Need, and How to Create

Share these reports with your accountant to get a better understanding of the financial standing of your business. For instance, travel-related expenses like airfare, travel meals, car rentals, lodging, etc. Or other business expenses like meals, office supplies, or mileage when an employee uses his vehicle for business travel. But, unlike the Sidestepper, who avoids […]

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