Gross profit is an important key performance indicator (KPI) to track, but so is the contribution margin. Many business owners, unfortunately, overlook contribution margin or do not fully understand what it represents. To truly understand your business's financials, learn what contribution margin is, how you calculate it, and what the number means for your business's ability to grow and expand.
Information technology innovations have brought sweeping changes to contemporary accounting practices. The electronic.
Unless you're in a big Fortune 500 company, you probably equate the word "audit" with a letter from the IRS. However,.
The accounting method you choose to use can determine how you show a profit in a given year. This directly affects.
Too many businesses never think about internal controls until they start losing efficiency, investors demand it, or a.
Topics: accounting strategies, accounting, quickbooks tips
The ability to sort accounting transactions by user-defined divisions and classes in QuickBooks is a great way to track.
Making mistakes is a part of life. And you can swallow that well if the mistake you’ve just made is equivalent to be.
