2021

FIFO has several advantages, including being straightforward, intuitive, and reflects the real flow of inventory in most business practices. Many companies choose FIFO as their… Leggi tutto »First In, First Out FIFO Method: What It Is and How to Use It

They, therefore, record a journal entry by debiting the bad debt expense and crediting the allowance for doubtful accounts. The allowance for doubtful accounts resides… Leggi tutto »Allowance for Bad Debt: Definition and Recording Methods

As transactions are linked to your contacts, you can run a report per customer,vendor, or supplier. Accountant productivity is at the core of itsdevelopment with… Leggi tutto »Odoo Accounting Features

In practice, most modern manufacturers use MRP software with perpetual inventory systems that calculate WIP automatically and continuously. COGM is thereby the dollar amount of… Leggi tutto »How do I calculate the cost of goods sold for a manufacturing company?

Want to learn more about bookkeeping before you sign up for a virtual provider? Our article on business bookkeeping basics gives you more information on… Leggi tutto »Accounting Services for small businesses Bookkeeping Outsourcing in Kiev Units Consulting Ltd Kyiv, Ukraine