Bookkeeping

Cash Conversion Cycle: How to Calculate and Improve It

Tháng 9 1, 2021 - 1 lượt xem

Also, the business must factor in lead times to manage the time between placing an order and the inventory being ready for sale Improving cash conversion cycles mostly involves tweaking the working capital metrics underlying them, including DIO,...

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Tháng 3 23, 2021 - 4 lượt xem

1-800Accountant has been featured in The Wall Street Journal and The New York Times A CPA firm is an accounting firm with one or more Certified Public Accountants (CPAs) to provide accounting and financial consulting services to individuals and...

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Procurement automation: Definition, benefits, and examples

Tháng 2 24, 2021 - 0 lượt xem

Once the vendor is chosen by the business, the contract negotiation process begins The buyer-supplier relationship and value creation for the purchase can be improved through tactical contract negotiation Scope of work, pricing structure,...

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Direct vs Indirect Costs: Key Differences and Examples

Tháng 1 12, 2021 - 1 lượt xem

When inventory items are acquired or produced at varying costs, the company will need to make an assumption on how to flow the changing costs Examples of budgets used in business include the cash budget, sales budget, production budget, department...

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Cost Flow Assumption Tips for Smarter Financial Decisions

Tháng 12 15, 2020 - 4 lượt xem

The advantage of the specific identification method is that it provides an accurate representation of the cost of goods sold and the value of the ending inventory However, it can be time-consuming and difficult to implement, as each unit must be...

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