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.
When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes.
You don’t need an MBA to know there are two basic ways to increase your profits: increase revenues or reduce costs..