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Managing inventory requires the owner to assign a value to each inventory item, and the two most common accounting methods are FIFO and LIFO. Companies that undergo long periods of…

It’s not a calculation of your total expected return, but it only indicates how long it will take to break even on an investment. Compared to the standard payback period…

Tally all cash inflows and outflows from fundraising and repaying debts that allow the company to operate or grow. Tally all cash inflows and outflows related to buying and selling…

Our customer experience team is based in eight offices around the globe, meaning we can provide support 24/7. So if you’re raising a case late one evening from Australia, don’t…

This is a product cost, so you recognize the expense at the time of a sale. If cash is paid after an expense is recognized, you create a liability. The…

Period costs include any costs not related to the manufacture or acquisition of your product. Sales commissions, administrative costs, advertising and rent of office space are all period costs. These…

Use these metrics to establish baselines that reflect your business’s current performance. When setting benchmarks, consider factors like industry norms, historical data, and future market conditions, ensuring they are both…

Cash flow management is vital in the construction industry, especially as you take on larger projects or multiple jobs. Our knowledgeable Northern Massachusetts, MA CPA firm does more than help…

An external accountant will provide you with accurate and detailed financial reports, ensuring you stay competitive as your business grows. Outsourcing your bookkeeping to an accounting firm ensures that your…