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Detailing Inventory Accounting Methods

“Inventory” refers to products that a firm wants to sell and are raw/in-process/finished. Read to know about the types of inventory accounting methods.

What Makes a Liability Account Go Down?

Methods of Accounting Inventory for 2023

There are a number of ways to price inventory when calculating the cost of goods sold. Learn more about the three methods of accounting inventory click now.

How Much Do CPAs Charge for Bookkeeping?

Features of Cash Flow Forecasting 2023

To keep a business from becoming insolvent in the future, cash flow forecasting is done. To learn more about cash flow and its features, Click the link now

What can Increase Liabilities?

Internal Control Framework for 2023

Internal control is the process of reducing risk within an organization and creating uniform procedures for all goals. Click here to read more.

Petty Cash and the Imprest System

Petty cash involves expending small amounts of cash for small owed amounts where it would not be prudent to write a check. Click to know more about it here.

Quick Guide to Per Diem 2023

A per diem is cash provided by a firm to an employee to cover living costs while traveling, such as lodging, meals, and gas. Learn more about Per Diem now.

Understand Inventory Estimates for 2023

In order to assess the financial health of the firm, it is crucial to take an inventory of the physical inventory. Here in the Inventory estimates for 2023

Lower of Cost or Market 2023

Lower of cost or market is designed to take into consideration the possibility of inventory value losses due to price decreases or old goods. Click to read

Why is Chart of Accounts Important?

Types of Employee Compensation 2023

Employees of a business are compensated in several ways for their labor. Here are the types of Employee Compensation in 2023. Checkout the all types now.

Top Features of Payroll Records

A system of documentation is used to keep track of employee payments and taxes in the payroll records. Here are the top features of payroll records. Read now.

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