Bookkeeping

Posted on mayo 2, 2023

The Importance of Inventory Days on Hand in Ecommerce DCL Logistics

Now, replace the game with real life, the resources with your business’s inventory, and the enemy with market demand. Welcome to the world of inventory management—a delicate dance of supply and demand. Leveraging technology, especially inventory management software, is vital to optimizing Inventory Days on Hand. Inventory software goes beyond simple tracking – it can transform how you manage your inventory. Days of Inventory On Hand Ratio, Meaning, How To Calculate It. Ultimately, with fewer inventory days on hand, you’ll have higher...

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by Roberto

Posted on febrero 2, 2023

Bookkeeping

Oregon State Income Tax: Rates and Filing Rules

Sales Tax – Oregon is one of only four (4) states in the union with no sales tax, yay! In addition to the Corporate Tax and Excise Tax, the State of Oregon also has a Gross Margins Tax referred to as the Corporate Activity Tax (similar to Ohio’s CAT Tax). The CAT Tax is assessed as $250 per entity, plus 0.57% of Gross Receipts over $1 Million. There are certain deductions related to the CAT Tax, learn more about it at the Oregon Department...

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by Roberto

Posted on diciembre 6, 2022

Bookkeeping

Book Value of Equity Formula, Example How to Calculate?

Book value of Equity can define as the company’s common equity, which is simply the amount that is available to be distributed within the shareholders. Some companies issue multiple classes of preferred stock with different rights. While net income each period is an inflow to the retained earnings balance, common dividends and share repurchases represent cash outflows. However, the market value of equity stems from the real, per-share prices paid in the market as of the most recent trading date...

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by Roberto

Posted on octubre 25, 2022

Bookkeeping

Financing Overview, Types, and Key Considerations

In the financial statements of any firm, it becomes very important to first know what actually financing activities are. Financing activities are transactions that include owner’s equity, long-term liabilities, and changes in short-term loans. Financing activities include the movement of cash and cash equivalents among the organization and its sources of cash. Cash Flow Statement: Operating, Investing & Financing Activities For example, issuing new shares brings in equity without the obligation of repayment, though it dilutes ownership. Loans bring in funds with...

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by Roberto

Posted on octubre 14, 2022

Bookkeeping

The Relationship Between Assets and Capital in Business

The statement shows what a company owns or controls (assets) and what it owes (liabilities plus equity). The balance sheet is broken into two parts – ‘Sources of funds’ and ‘Application of funds’ – as they are called in accounting terminology. We shall first look into the key constituents of the head ‘sources of funds’, after which we will cover the head ‘application of funds’. Assets: Uses of Funds Another example of valuation account is allowance for doubtful accounts. In balance sheet,...

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by Roberto

Posted on agosto 4, 2022

Bookkeeping

Synonyms for epicenter List of English synonyms

I would never want to live near an epicenter of a strong earthquake so I avoid living near fault lines. Every time I watch huge disasters on the news I wonder why so many people are dead set on rebuilding at the sites of known active fault lines. An epicenter is a point on the Earth's crust directly above the focus or hypocenter of an earthquake. People often mistakenly refer to the epicenter as the point of origin of an...

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by Roberto

Posted on junio 15, 2022

Bookkeeping

How hard is it to pass CEN exam? ..

You’ll have three hours to complete it, so time management is important. The questions span various content areas, including cardiovascular, respiratory, neurological, and gastrointestinal emergencies, among others. Learn nurse-friendly methods to prioritize temperature management, focusing on temperature assessment and warming methods specific to emergency nursing. Examples will focus on trauma patients, but the key topics are applicable to several patient populations in the emergency care setting. Embarking on the journey to pass the CEN exam is a commitment to excellence...

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by Roberto

Posted on junio 7, 2022

Bookkeeping

How to Forecast Your Businesss Working Capital

In summary, understanding seasonal variations and cyclical patterns empowers businesses to forecast cash needs accurately. By dancing gracefully with the seasons and riding the economic waves, they ensure their financial health remains robust. The historical results approach is particularly useful when the company’s operations have been stable over time. However, it may not be as effective if the company’s operations have changed significantly or if the company is facing new challenges or opportunities. While competitors’ gross margins can provide a...

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by Roberto

Posted on junio 7, 2022

Bookkeeping

SOC 1 vs SOC 2 Overview and Differences

This includes financial service, healthcare, data centers, software as a service (SaaS), web hosting and cloud storage. Later, a company will typically pursue a Type 2 report to show the effectiveness of their controls over a period of time. A type I SOC report is management’s description of internal controls as of a specific date and does not test internal controls for their operating effectiveness. A SOC 1 report aims to demonstrate that the controls are operating correctly to prevent...

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by Roberto

Posted on mayo 6, 2022

Bookkeeping

Accrual vs Deferral in Accounting: Key Differences

Accrual accounting recognizes revenue and expenses when they are earned or incurred, providing a more accurate representation of a company's financial performance and position. It involves the use of accruals and deferrals to adjust for transactions that have not yet been recorded. On the other hand, deferral accounting recognizes revenue and expenses when cash is received or paid, without considering the timing of economic activities. While simpler to implement, it may not provide an accurate reflection of a company's financial...

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by Roberto