Some examples of consignment inventory are holiday related seasonal gifts, seasonal trends, decor items, art, jewelry, clothing, perishable items, equipment, antiques, and collectibles. The consignment process […]

A professional bookkeeper won’t be overwhelmed by the nuts and bolts of DIY bookkeeping, and their help allows you to focus on making money, not documenting […]

If you’re unsure about your tax obligations, you may want to talk to a professional accountant or tax expert for advice. Financial statements can yield valuable […]

To calculate inventory turnover, simply divide your cost of goods sold (COGS) by your average inventory value. Some retailers may employ open-to-buy purchase budgeting or inventory […]

Jim Pickins has a really interesting review on his blog and a YouTube video detailing his experience with the software. On a larger scale, this report […]

Present value (PV) is the current value of an expected future stream of cash flow. Present value can be calculated relatively quickly using Microsoft Excel. Hence, […]

The general ledger organizes financial info by putting it into a system of accounts. Maintaining an accurate record of your business’s financial transactions will ensure a […]

An accounting practice management tool with document management features and a secure client portal will help simplify document storing and sharing with clients. Here’s an example […]

The simple average unit cost of 6.33 compares to the weighted average cost calculate earlier of 6.20. The method gives a reasonable estimate of the inventory […]