2022
This means you can have different invoice styles for different types of customers, different segments of your business, etc. Before you proceed with your invoice, make sure you have selected […]
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Still, they may simply not meet your expectations, or don’t seem to be trying to. In this case, be prepared to safely stop work at a reasonable point in the […]
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QuickBooks Live is our top pick for online bookkeeping services because it offers cleanup bookkeeping services that vary based on your company’s needs for your first month. This service is […]
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Now is the time to take charge of the accounts payable process to improve your business results. Accrual accounting requires firms to post revenue when earned and expenses when incurred […]
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That’s because the EOQ formula makes certain assumptions that demand, setup costs, holding costs and goods prices are always constant. The goal of the EOQ formula is to identify the […]
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One disadvantage is that NBV may not be reflective of an asset’s true market value. Additionally, companies that use an accelerated depreciation model may report a lower NBV for the […]
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Don’t forget that this is gross profit, and you still need to take into account taxes and other expenses. Calculating cost of goods sold is vital to know your taxable […]
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We get a DSI of 73, meaning it takes Pyllow about 73 days to clear all its inventory. A good DSI is usually between 30 and 60 for most industries, […]
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In order for a company to make a profit from its standard business operations, the contribution margin must be greater overall than the fixed costs. As mentioned above, contribution margin […]
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FUTA and SUTA taxes are calculated using a tax percentage rate and taxable wage base. The current FUTA tax rate is 6%, with a taxable wage base of $7,000. This […]
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