Category: Bookkeeping

Blue Bon was looking for ways to overcome the challenges in manual inventory management and streamline the inventory management process. With Cflow, Blue Bin was able to route inventory requests and approve them on time. This step is crucial in a perpetual inventory system—businesses can maintain optimum stock levels and avoid running out of high-demand…

Businesses like auto dealerships and diamond businesses with the modest transaction and inventory volumes but high-value products often find the periodic technique easier to use. Being able to check inventory levels and the cost of goods sold, in real-time, can save your employees and your business a considerable amount of time and money. Businesses only…

By aligning inventory costs with actual sales, companies can ensure accurate reporting of the cost of goods sold. Inventory valuation is crucial for businesses to accurately report financial performance and manage tax obligations. Among various methods, the specific identification method stands out due to its precision in tracking individual inventory items. This approach matches exact…

Once you know how much you currently owe and how much you need to clear your suspense account, try to pay the amount you owe as soon as possible. If you are having trouble making your payments, it may also be what is a suspense account in mortgage a sign that you need to discuss…

Small business accounting in Glendale, California, is a crucial service that supports the city’s diverse and thriving economy. Glendale’s business landscape, which includes retail, entertainment, healthcare, and professional services, requires a wide range of accounting solutions. These services encompass bookkeeping, tax preparation, payroll management, and financial analysis. Accountants in Glendale are skilled in navigating the…

This theoretical framework helps investors identify companies with sustainable competitive advantages—those rare businesses capable of generating positive economic profit despite competitive pressures. What investors generally see as a negative indicator is if ROE is declining. This can suggest declining revenues, rising costs, or increased shareholder equity due to excessive dilution. ROE should be analyzed alongside…

If you live in Arizona or Nevada, expect slightly faster degradation than in Minnesota or Maine. The fact that manufacturers typically consider years as the point where enough degradation has occurred to consider replacement speaks to solar’s impressive longevity. Higher efficiency means more power from the same amount of sunlight and roof space. According to…

The marketability of companies active in Dallas, TX, is influenced by more than just the quality of the services and products provided to customers. Suppose you are looking to attain new profit margins, attract target demographics’ attention, and make your offerings relevant on an international level. In that case, you will need to optimize the…

Since debt to equity ratio expresses the relationship between external equity (liabilities) and internal equity (stockholders’ equity), it is also known as “external-internal equity ratio”. “In the last six years, you have seen this industry navigate two rounds of bankruptcy waves where companies in the energy sector had to navigate highly leveraged balance sheets with…

Remember, regularly updating your records will help you maintain an accurate financial overview and make informed business decisions. Make sure you consistently track and record all relevant transactions, such as returns, allowances, and discounts, to ensure precise calculations. The top number is gross sales, and the different components are deducted to derive net sales. Returns…