Bookkeeping

29 ก.ค.

Finished goods inventory: Definition, formula and examples

By effectively managing your finished goods inventory, you can streamline your fulfillment process, delight your customers, and propel your online store towards long-term success. Moreover, the final value of finished products is also a strict point of consideration for financial reporting and taxation purposes. With accurate and error-free calculations of the value of finished products, companies can ensure they are paying the right amount of taxes and avoid any non-compliance fines or penalties. A 3PL provider offers specialized warehousing, [...]

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04 มี.ค.

11 Top Free Accounting & Bookkeeping Software Apps for 2022

As an open-source platform, Odoo allows users to modify the software to fit their specific needs, an advantage that most free accounting tools don’t offer. However, Baselane only allows one user, does not offer accountant access and is not suitable for property management companies. It also has no mobile http://codemanifesto.com/about app, no tenant screening features, and no paid plans. With a user-friendly interface and a solid mobile application, Zoho Books is one of the more straightforward, accessible solutions [...]

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08 ก.ค.

Learn All About Credit Sales Journal Entry

Dancing Numbers helps small businesses, entrepreneurs, and CPAs to do smart transferring of data to and from QuickBooks Desktop. Utilize import, export, and delete services of Dancing Numbers software. And, you’re increasing your Cost of Goods Sold (COGS) Expense account. Your Accounts Receivable total should equal the sum of your Sales Tax Payable and Revenue accounts. You’ll also need to increase your Revenue account to show that your business is bringing in the amount the customer owes. A financial [...]

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02 ก.ค.

Advantages of the Dollar Value LIFO Inventory Method

Dollar Value LIFO is defined as the method in which the monetary value of the inventory is considered rather than the physical goods when determining the cost of goods sold. This involves grouping similar items together, and then calculating the value of the inventory based on the dollar value rather than the quantity of individual items. Calculation starts with the beginning inventory and adds recent inventory purchases. Embracing dollar-value LIFO equips companies with a robust approach to inventory valuation, deftly [...]

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29 ต.ค.

Problem 90 Consider the compounds with the .. FREE SOLUTION

There are many different types of transactions in ecommerce accounting including sales, discounts, refunds, fees, pending payments, gift cards, sales tax and more. You can choose to map each category type to an account within QuickBooks or Xero. For advanced mapping, you can map at a sub-category level if you prefer to have more control of your mapping, and you can easily refine your mapping at any point. Founded in 2014, A2X works with over 12,000 customers as well [...]

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