Do you remember how you vigorously hunted for customers in the early days? Chances are that spark has dimmed over time, and you may have lost contact with customers to focus on other aspects of the business. By revisiting your

If they do not, this can reveal an error that must be corrected or possible fraud. Any time you pay a vendor or supplier for goods and services that they’ve supplied to your business, you have two choices. You can

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This means you’ll need to do your homework to find an experienced franchise-specific accountant for your business. Then, and only then, can you be sure that your franchise is going to be successful and profitable. Improper cash flow management can

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When companies calculate the BEP, they identify the amount of sales required to cover all fixed costs before profit generation can begin. The break-even point formula can determine https://www.bookstime.com/articles/variable-cost the BEP in product units or sales dollars. Break-even analysis

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. In this case, it is considered an unrealized loss if you have not yet sold

Someone on our team will connect you with a financial professional in our network holding the correct designation and expertise. Ask a question about your financial situation providing as much detail as possible. Your information is kept secure and not

If two accounts, one which compounds daily and one which compounds monthly have the same APR, the one that compounds daily will have a higher APY. Almost every bank will only pay out accrued interest on a monthly basis

Companies must ensure that their chosen service provider has robust security measures in place to protect sensitive financial information. This includes encryption, secure access protocols, and regular audits to maintain compliance with data protection regulations. Outsourcing bookkeeping involves delegating specific