Service revenue is a cornerstone of financial success for many businesses. Whether you run a consulting firm, provide software services, or offer professional training, service revenue plays a critical role in your financial health. This comprehensive guide explores everything you…

Learn how aging reports can transform your collections process & boost your cash flow. Sign up for Brex today to streamline your accounts payable process, automate manual tasks, and control your company’s spending — all in one AI-powered platform. Team…

It makes it hard for management to adjust prices according to market demands since they do not have visibility into these costs. Our priority is to continuously develop solutions that simplify business processes across various industries in the Philippines, while…

It’s advisable to regularly review and update user access in QuickBooks, at least every three to six months or whenever a change in staff roles occurs. First things first, you’ll need to have your accountant’s email address at hand. Log…

By comparing actual performance against budgeted figures, companies can set targets for future price variance levels, encouraging continuous improvement in purchasing activities. This benchmarking can lead to more strategic supplier relationships and improved negotiation tactics, ultimately contributing to a more…

On the other hand, it’s focused solely on finances, so finding an integration between QuickBooks and a dedicated brewery management system can pay off big time. Raw materials inventory is broken down into a bunch of accounts, including raw materials…

FIFO is the best method to use for accounting for your inventory because it is easy to use and will help your profits look the best if you’re looking to impress investors or potential buyers. It’s also the most widely…

The financing activities section shows that a total of $16.3 billion was spent on activities related to debt and equity financing. Cash and cash equivalents are consolidated into a single line item on a company’s balance sheet. It reports the…