Both investors and creditors want to know how valuable a company’s inventory is. Older, more obsolete inventory is always worth less than current, fresh inventory. The days sales in inventory shows how fast the company is moving its inventory. Demand forecasting can help brands stay ahead of...

In all of these cases, errors could go on for extended periods of time, creating trouble down the road when they are discovered. Another benefit to outsourcing is that payroll functions can be assumed by providers specializing in effective payroll management. For most companies, performing...

Content You’re Ready to Set up Your Startup’s Accounting System What financial records should startups be keeping track of? Small Business Accounting 101: 12 Steps for Basics and Setup Bookkeeping Tips for Startups What is small business accounting? In the technology and biotech industries,...

Content Why is bookkeeping and law firm accounting important? Start by Hiring a Bookkeeper Law Firm Accounting and Bookkeeping: Tips and Best Practices How to Create a Successful Law Firm Marketing Strategy in 2022 For example, when you send an invoice to a client, you’ll mark it as...