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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
22, April

Understanding Inventory Assets

To understand inventory assets, you first have to know what an inventory asset is. An inventory asset is a product that a business has to sell. And if a business is a manufacturer, all of the materials used to make that product are considered inventory. Inventory assets are found in the assets section of the business's balance sheets. How a company categorizes its inventory assets is dependent on whether it is a merchandising company or a manufacturer. A manufacturing company builds or creates its products. Generally, the products are sold to retailers or wholesalers. Its inventory is classified as a work in progress or finished goods. On the flip side, a merchandising company is a retailer or wholesaler that produces purchases products from the manufacturer. They then sell the product to someone else with little or no changes.

19, April

3 Popular Business Trends in 2021

This past year for business owners has been a challenging one. Despite the COVID-19 pandemic, owners have had to.

15, April

The Importance of Budgeting Reports

Budgeting is essential for operating a successful business. While learning the ins and outs of creating a working.

17, August

10 Ways To Improve Your Budgeting & Forecasting

Budgeting and forecasting allow a business to plan accurately for its fiscal year. Below are 10 ways to improve.

5, February

How to Know When it's Time to Discontinue a Product

Owners and managers often continue to sell money-losing products out of sentimentality or unwavering optimism. To.
21, January

The Case For Making KPIs Transparent to the Entire Team

Your business development team can't act on metrics that they can't track. Key performance indicators need to be.

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