Topics: improving sales, accounting services, job costing
Understanding your profit margins is a critical component of healthy financial management. With a product-oriented business, profit margins are often largely focused on tangible goods and materials that are easily quantifiable. However, if you are in a service-based business, understanding profit margins can become a bit trickier. For services, determining profit margins requires looking into more intangible factors and qualitative factors to figure out whether your business is really getting a good ROI or not.
If you calculate your sales margins by subtracting the cost of inventory from your retail sales amounts, you might.
Cash flow forecasting can make or break your business. Business owners need to know how much cash they have on hand.
When a business is considering making a change in its accounting services, many factors are given consideration and.
Understanding the difference between assets and cash flow is critical to business survival. Working with an.
Outsourcing your bookkeeping and accounting department is a necessity as you grow your company. As you move from a.
To date in 2015, AccountingDepartment.com received 2,238 applications for its bookkeeping, accounting manager and.
